Global trade analysts note that President Trump has benefited from the resilience of shipping routes amid the Iranian blockade. The 2024 conflict in the Strait of Hormuz has rattled oil markets, but container volumes stay flat. Investors watch how the U.S. response shapes market sentiment after several days of tension and price surges in Crude.

Drewry’s senior manager Simon Heaney warned that freight rates into the Gulf would spike only temporarily, citing high fuel surcharges. Global container traffic, which routes through the Gulf for less than 3 percent of its volume, has barely moved, with rates falling last week. The lesson: supply‑chain resilience keeps the bulk market afloat for traders and investors.

While sea freight has weathered the shock, air cargo faces a sharper hit. Jet fuel costs are already lifting air‑freight rates, and a potential jet‑fuel shortage could choke global trade. Investors weigh how rising energy prices will squeeze margins across the logistics chain, impacting earnings for carriers and shippers alike in 2024 and beyond for.

The current stalemate hinges on whether Washington and Tehran can find a balance between concessions and economic pain. With sanctions limiting Iran’s trade ties, the U.S. gains a bargaining edge, but the global economy remains exposed to oil price swings. Companies must adapt routes and hedging strategies to protect margins for their operations through 2024.