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Air freight rates soar as Middle East conflict blocks trade routes...
13 Mar, 2026 08:35 493 min read
Air freight rates have surged up to 70% on certain routes since the onset of the U.S.-Israeli war, significantly affecting South Asia to Europe due to Middle Eastern airspace closures and rising jet fuel costs. Over 100 ships have been stranded around the Strait of Hormuz, impacting the shipment of generic medicines from India.... More