Freight shipping costs surge as companies race to beat new Trump tariffs
What is happening: Rates reach highest since 2024 Red Sea crisis in anticipation of fresh levies from US
Why it matters: Rates reach highest since 2024 Red Sea crisis in anticipation of fresh levies from US
What to do (Procurement Lead): Review exposed inbound lanes and update ETA/cost assumptions for affected supplier shipments. Constraint: Limit action to suppliers or customer commitments using the affected corridor.
Supply chain shocks · Immediate · Evaluate · 84/100
OilPrice↗Strait of Hormuz Tanker Traffic Slows After Fresh U.S.-Iran Strikes
What is happening: Tanker traffic through the Strait of Hormuz has eased since late last week as vessel owners and operators remain cautious amid the renewed hostilities between Iran and the United States this weekend. On Friday and Saturday, the US Central Command (CENTCOM) forces conducted strikes against multiple targets in Iran, in response to attacks on two vessels near the Strait of Hormuz. The Thursday attack on the container ship Ever Lovely prompted some shipowners to pull back and wait for additional inf
Why it matters: Tanker traffic through the Strait of Hormuz has eased since late last week as vessel owners and operators remain cautious amid the renewed hostilities between Iran and the United States this weekend. On Friday and Saturday, the US Central Command (CENTCOM) forces conducted strikes against multiple targets in Iran, in response to attacks on two vessels near the Strait of Hormuz
What to do (Procurement Lead): Review exposed inbound lanes and update ETA/cost assumptions for affected supplier shipments. Constraint: Limit action to suppliers or customer commitments using the affected corridor.
Energy & cost pressure · Immediate · Evaluate · 84/100
OilPrice↗Pakistan LNG Seeks Emergency Cargo After Weekend Hormuz Flare-Up
What is happening: Pakistan’s state LNG importer is urgently seeking to procure an LNG cargo for delivery this week, with offers due on June 29, as traffic through the Strait of Hormuz remains volatile amid persistent threats to tankers and reignited U.S.-Iran tensions. Pakistan LNG, the state-owned firm, has issued an “urgent request” for LNG cargo delivery between June 30 and July 4, per a tender document cited by Bloomberg. The Pakistani dependence on Middle Eastern LNG created a major gas supply and power cris
Why it matters: Pakistan’s state LNG importer is urgently seeking to procure an LNG cargo for delivery this week, with offers due on June 29, as traffic through the Strait of Hormuz remains volatile amid persistent threats to tankers and reignited U.S.-Iran tensions. Pakistan LNG, the state-owned firm, has issued an “urgent request” for LNG cargo delivery between June 30 and July 4, per a tender document cited by Bloomberg
What to do (Procurement Lead): Review exposed inbound lanes and update ETA/cost assumptions for affected supplier shipments. Constraint: Limit action to suppliers or customer commitments using the affected corridor.
US says it has agreed deal with Iran to halt strikes and resume talks
What is happening: Tehran yet to confirm end of tit-for-tat attacks that threaten fragile truce in Strait of Hormuz
Why it matters: Tehran yet to confirm end of tit-for-tat attacks that threaten fragile truce in Strait of Hormuz
What to do (Procurement Lead): Review exposed inbound lanes and update ETA/cost assumptions for affected supplier shipments. Constraint: Limit action to suppliers or customer commitments using the affected corridor.
Baltic states urge EU to speed up ban on Russian oil imports
What is happening: Talks about the phaseout stalled after the closure of the Strait of Hormuz sparked concerns of an energy supply crisis
Why it matters: Talks about the phaseout stalled after the closure of the Strait of Hormuz sparked concerns of an energy supply crisis
What to do (Procurement Lead): Review exposed inbound lanes and update ETA/cost assumptions for affected supplier shipments. Constraint: Limit action to suppliers or customer commitments using the affected corridor.
Aramco helicopter crashes at Saudi port
What is happening: At least 14 killed in Ras Tanura incident just hours after US-Iran strikes threaten fragile deal to reopen Strait of Hormuz
Why it matters: At least 14 killed in Ras Tanura incident just hours after US-Iran strikes threaten fragile deal to reopen Strait of Hormuz
What to do (Procurement Lead): Review exposed inbound lanes and update ETA/cost assumptions for affected supplier shipments. Constraint: Limit action to suppliers or customer commitments using the affected corridor.
Supply chain shocks · 1-3 months · Evaluate · 78/100
OilPrice↗Oil Heads for Weekly Loss as Hormuz Tanker Traffic Rebounds
What is happening: Crude oil prices were on course for a sharp weekly loss amid multiple reports about a strong rebound in tanker traffic in the Strait of Hormuz. At the time of writing, Brent crude was trading at $73.78 per barrel, and West Texas Intermediate was changing hands for $70.53, even after the news of an Iranian strike on a commercial vessel in Hormuz that, Tehran suggested, had used a route not approved by the Iranian authorities. The strike promoted a 2% reversal in oil price movement, but it was not
Why it matters: Crude oil prices were on course for a sharp weekly loss amid multiple reports about a strong rebound in tanker traffic in the Strait of Hormuz. At the time of writing, Brent crude was trading at $73.78 per barrel, and West Texas Intermediate was changing hands for $70.53, even after the news of an Iranian strike on a commercial vessel in Hormuz that, Tehran suggested, had used a route not approved by the Iranian authorities
What to do (Procurement Lead): Review exposed inbound lanes and update ETA/cost assumptions for affected supplier shipments. Constraint: Limit action to suppliers or customer commitments using the affected corridor.
Supply chain shocks · 1-3 months · Evaluate · 78/100
OilPrice↗China’s Crude Imports Plunge To Lowest Level Since 2018
What is happening: Oil prices remain headline-driven, taking direction from escalation and de-escalation in the U.S-Iran conflict in the near term. The first round of talks between the United States and Iran in Switzerland has concluded with positive comments from both sides, and an agreement to push for a final agreement within 60 days. However, there's considerable scepticism about whether more complex issues around nuclear technology and transit through the Strait of Hormuz can be fully resolved in the short ti
Why it matters: Oil prices remain headline-driven, taking direction from escalation and de-escalation in the U.S-Iran conflict in the near term. The first round of talks between the United States and Iran in Switzerland has concluded with positive comments from both sides, and an agreement to push for a final agreement within 60 days
What to do (Procurement Lead): Review exposed inbound lanes and update ETA/cost assumptions for affected supplier shipments. Constraint: Limit action to suppliers or customer commitments using the affected corridor.
Energy & cost pressure · Immediate · Evaluate · 78/100
gCaptain↗Russia Appears to Arm LNG Tanker in Baltic as Maritime Tensions With NATO Deepen
What is happening: Russia has apparently equipped one of its most strategically important liquefied natural gas (LNG) carriers with heavy machine guns, according to photographs taken by Estonia’s border authorities, marking what analysts say is an unprecedented militarization of a civilian Russian energy vessel.
Why it matters: Russia has apparently equipped one of its most strategically important liquefied natural gas (LNG) carriers with heavy machine guns, according to photographs taken by Estonia’s border authorities, marking what analysts say is an unprecedented militarization of a civilian Russian energy vessel.
What to do (Finance Lead): Refresh energy-cost sensitivity for energy-intensive production steps and near-term pricing commitments. Constraint: Use current contract exposure rather than generic market assumptions.
Mines will hold back Strait of Hormuz shipping for months, CEO warns
What is happening: NYK’s Takaya Soga says safe routes are ‘extremely limited’, restricting traffic to half prewar levels
Why it matters: NYK’s Takaya Soga says safe routes are ‘extremely limited’, restricting traffic to half prewar levels
What to do (Procurement Lead): Review exposed inbound lanes and update ETA/cost assumptions for affected supplier shipments. Constraint: Limit action to suppliers or customer commitments using the affected corridor.
Attack in Strait of Hormuz halts evacuation plan for stranded ships
What is happening: International Maritime Organization announces pause after container ship was hit by ‘unknown projectile’
Why it matters: International Maritime Organization announces pause after container ship was hit by ‘unknown projectile’
What to do (Procurement Lead): Review exposed inbound lanes and update ETA/cost assumptions for affected supplier shipments. Constraint: Limit action to suppliers or customer commitments using the affected corridor.
Supply chain shocks · Immediate · Evaluate · 76/100
gCaptain↗Second Tanker Struck in Strait of Hormuz as U.S.-Iran Shipping Crisis Deepens
What is happening: A second merchant vessel has been struck while transiting the Strait of Hormuz, underscoring the rapidly deteriorating security situation despite efforts to keep commercial shipping moving through the strategic waterway....
Why it matters: A second merchant vessel has been struck while transiting the Strait of Hormuz, underscoring the rapidly deteriorating security situation despite efforts to keep commercial shipping moving through the strategic waterway....
What to do (Procurement Lead): Review exposed inbound lanes and update ETA/cost assumptions for affected supplier shipments. Constraint: Limit action to suppliers or customer commitments using the affected corridor.
