Market Pulse 2026 Week 30
Register Free Trial While Houthis choke the Bab el-Mandeb to Saudi oil exports, containerships are still using the strait to deliver cargo to Jeddah and other Red Sea ports with several carriers including Maersk and CMA CGM also sticking to their trans-Suez transits. The pause in military exchanges is providing little clarity on the direction of the market, although container freight futures anticipate freight rates to drop from their recent peaks despite the recent rise in fuel prices. Despite