Weight of Freight: Iron ore, jet fuel and Hormuz effects

Here the Argus team looks at two key freight markets, iron ore and jet fuel, that have reached multi-year highs as even slight connections to the Mideast Gulf are now leading to rapid rises in costs.

• Mideast Gulf disruptions are now propagating heavily to other markets including dry bulk shipping and European jet fuel imports.
• This podcast explores how Capesize freight rates have reached a five-year high and what the outlook is for the rest of 2026.
• The podcast dives into the European jet fuel market and the growing cost of freight and longer journey times.