March 2, 2026 — U.S. and Israeli strikes on Iran have had an immediate effect on global trade patterns as both air and ocean routes in the region have closed.
FreightWaves reported ocean shipping lines have “fled” the Strait of Hormuz, which is the narrow route between Iran, Oman, and the United Arab Emirates. Iran announced it planned to “close” the strait, according to media reports, which was followed by reports of attacks on ships.