The disruption caused by the Iran conflict is driving up air cargo prices on major routes.

The escalating conflict in Iran is impacting global air cargo markets by tightening capacity on vital trade routes and driving up freight rates. Middle Eastern carriers, crucial for connecting Asia, Europe, Africa, and the Americas, are experiencing operational disruptions that affect these routes. Freight rates have risen, with Europe-Middle East rates up 22%, Asia-North America rates up 12%, and Europe-Asia rates up 9%. Additionally, rising oil prices are likely to increase fuel surcharges, further influencing rates. Real-time market visibility is essential, as traditional data is inadequate in this rapidly changing environment.