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Feb 17, 2026
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WATCH
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President Trump is monitoring the "potential threat... to disruption of shipping routes" following Iran's "partial closure of the Strait of Hormuz for military drills." Even temporary closures of the Strait of Hormuz create bottlenecks in global shipping. Uncertainty regarding shipping routes generally leads to higher freight rates and premiums for shipping equities. WATCH. If the "drills" turn into a prolonged blockade, shipping rates will spike. The closure was stated to be only "for a few hours," so the impact may be negligible if normal transit resumes immediately. |
Bloomberg Markets
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