Iran conflict turns shipping market into ‘wild west’
Containers are being dropped off at far-flung ports while freight rates have soared
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Ships forgo cargo to carry fuel as Iran war sends prices soaring
Fuel costs for global shipping industry are up nearly $5bn since conflict began
Iran war presents a different script for markets
Investors have been right to identify geopolitics as a rising risk factor
Maersk warns economic impact of Iran conflict will ripple for months
World’s second-largest container shipping line says costs have increased by $500mn per month
Iran war will test the vulnerability of oil markets
While there are buffers of supply, spare capacity will come under pressure in the event of any further escalation
Middle East conflict strands ships with cargoes of fresh food and live animals
Shipping companies struggle to reroute vessels as disruption starts to cause congestion at ports outside the Gulf
Iran war drives Panama Canal lane prices to record high
Asian buyers seeking western crude push bids five times higher than pre-conflict levels