Global Shipping Update: Middle East Disruptions & What They Mean for Your Supply Chain
The geopolitical situation in the Middle East continues to disrupt global supply chains, with direct impact on both costs and transit times. This update provides a clear picture of what is happening, what it means for your operations, and how Axxess can help you navigate the uncertainty.
Axxess News | Global Fuel & Freight Update
Ongoing instability in the Middle East is continuing to drive volatility across global fuel markets and shipping operations.
Iran Drafting Law to Introduce Tolls for Hormuz Transit
The Iranian parliament is working on a draft bill that would impose a fee on vessels seeking safe passage through the Strait of Hormuz, according to the semi-official Fars news agency.
Report: White House Considers Ending War Without Opening Strait of Hormuz
The White House is considering an option to end the Iran military campaign without reopening the Strait of Hormuz, leaving the task to allies in the Gulf and in Europe, according to the Wall Street Journal. The proposal would get U.S. forces out of the conflict quickly, satisfying the president’s goal of a rapid in-and-out […]
Iran’s Grip on Hormuz Is Tighter Than Ever
Israel and U.S. strikes have wiped out senior Iranian leaders and hit key targets across the country. But after a month of fighting, it is arguably Iran that has secured the most significant strategic victory: a tightening grip over traffic through the Strait of Hormuz.