Supply Chain Secrets

Hormuz, Oil Prices, and Why Rates Aren’t Spiking (Yet)

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0:00 | 17:25

Freight markets are reacting to the Strait of Hormuz crisis, but not in the way many expected.

In this week’s episode of Supply Chain Secrets, we break down why rate increases have been relatively modest so far, despite major geopolitical disruption, and what signals to watch beneath the surface.

This episode covers:
 • Why Asia–US and Asia–Europe rates are rising gradually, not sharply
 • The role of bunker fuel in driving current rate increases
 • What early NYFI-linked futures activity is telling us about market expectations
 • How rerouting and limited transit through Hormuz are shaping capacity
 • The risk of escalation and what it could mean for key logistics gateways
 • Demand trends, including strong global growth and continued bifurcation

Plus, insights on OOCL’s latest earnings and what they reveal about volume vs. rate performance.