Shipping through the Strait of Hormuz is disrupted, causing a sharp surge in global shipping costs. Currently, freight rates have increased by 11 to 12 times.

BlockBeatNews

2026-04-03 10:37:21

BlockBeats message, April 3, Middle East conflicts led to disruptions to shipping through the Strait of Hormuz, causing global shipping costs to surge sharply, and war-risk insurance premiums for vessels to rise rapidly. In addition, shipping companies also need to consider freight rates; industry insiders say that freight rates have currently risen by 11 to 12 times. Insurance and re-routing costs are being passed on layer by layer, continuously disrupting global trade and supply chain security. (CCTV Finance)

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