The unrest in the Middle East has caused global air freight rates to remain mostly stable.

Global air freight rates remained stable amid Middle East turmoil, with the Baltic Air Freight Index rising 0.2% as of March 9, though still down 1% year-on-year. Variations across trade lanes were notable, with sharp increases from Hong Kong and India to Europe, while some routes to the U.S. declined. Shanghai saw higher rates to Europe but a drop on transpacific lanes, leading to a 9.7% overall decrease. Frankfurt's rates fell 13.4%, contrasting with London's 8.8% increase, driven by U.S. demand. North America experienced mixed trends, with declines to Europe and gains to Asia and South America.