The recent escalation of conflict in the Middle East has led to the closure of the Strait of Hormuz, a critical passage through which roughly one-third of the world’s oil supply flows. This situation has effectively removed approximately 20 million barrels per day from the market, causing jet fuel and marine fuel prices to surge by 80% in a very short time.
In response, major shipping lines such as MSC have begun applying surcharges of up to $800 per container to offset the costs of rerouting vessels to safer ports. In the face of this volatility, Multi Logistics is actively developing customized contingency plans, monitoring routes in real time to ensure your cargo reaches its destination despite today’s geopolitical challenges.