Iran war doubles shipping costs

The cost of shipping a container from Asia to the United States>>> has doubled since the start of the war involving Iran>>> in late February, driven by spiking fuel prices and increased demand from importers. Hostilities stemming from the United States>>> and Israel>>>'s attacks on Iran>>> have choked the flow of oil through the Strait of Hormuz>>>, a critical conduit for global oil supply, leading to rapidly depleting global oil inventories and emergency reserves. Bunker fuel prices have surged by 55% across major fueling hubs, significantly increasing voyage costs for container ships. This situation threatens to exacerbate inflation in the United States>>> and poses a major challenge for President Donald Trump>>>'s administration. Maritime experts warn that it could take about a year for bunker fuel supplies to normalize, even with a quick resolution. Container carriers like Hapag-Lloyd>>>, MSCI>>>, A.P. Moller–Maersk>>>, and CMA CGM>>> are passing these increased costs to customers through emergency fuel surcharges, with many planning to roll these into annual contracts by July 1. The fuel disruptions also risk reduced output from Asian manufacturing plants, leading to higher prices and less availability of products for US importers, as both shipping and factory operations rely heavily on fuel.