# Infomarine On-Line Maritime News - Freightos Weekly Update: Congestion playing a bigger role in container rates

> The US-Iran Memorandum of Understanding aimed at reopening the Strait of Hormuz expired without a reopening, while the US blockade remains in place. Carriers including Maersk, Hapag-Lloyd, CMA CGM and COSCO are moving to resume Red Sea transits, and port congestion in Far East and European hubs is adding to container rate pressure.

- Date: 2026-09-10 · published 2026-09-10T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/16767-infomarine-on-line-maritime-news-freightos-weekly-update-congestion-playing-a
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Hormuz closure keeps fuel costs high and diversions expensive, supporting energy prices and shipping rates that feed into delivered feed input costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-10-04 | [Oil settles up, biggest weekly gains in over a year on Middle East war risk \| Reuters](https://feedsoft.ai/events/10024-oil-settles-up-biggest-weekly-gains-in-over-a-year-on-middle-east-war-risk.md) | +2.4% | -5.7% |
| BRENT | 2026-09-16 | [Freightos Weekly Update: Red Sea transits accelerate, even as Houthis advance \| World Ports Organization](https://feedsoft.ai/events/16766-freightos-weekly-update-red-sea-transits-accelerate-even-as-houthis-advance.md) | -8.7% | -0.8% |
| BRENT | 2024-10-04 | [Palm surges on Middle East conflict, records highest weekly gain in 16 months - Markets - Business Recorder](https://feedsoft.ai/events/7764-palm-surges-on-middle-east-conflict-records-highest-weekly-gain-in-16-months.md) | +2.4% | -5.7% |
| BRENT | 2024-03-25 | [Fertilizer industry weighs up war impacts \| Latest Market News](https://feedsoft.ai/events/31147-fertilizer-industry-weighs-up-war-impacts-latest-market-news.md) | +1.9% | +2.3% |
| BRENT | 2024-03-25 | [US biofuel inputs hit multiyear highs on war, policy \| Latest Market News](https://feedsoft.ai/events/31291-us-biofuel-inputs-hit-multiyear-highs-on-war-policy-latest-market-news.md) | +1.9% | +2.3% |
| WTI | 2022-03-03 | [Freightos Weekly Update War in Ukraine roils ocean and air logistics](https://feedsoft.ai/events/12930-freightos-weekly-update-war-in-ukraine-roils-ocean-and-air-logistics.md) | -1.7% | -2.6% |
| WTI | 2024-10-04 | [Oil settles up, biggest weekly gains in over a year on Middle East war risk \| Reuters](https://feedsoft.ai/events/10024-oil-settles-up-biggest-weekly-gains-in-over-a-year-on-middle-east-war-risk.md) | +2.9% | -6.3% |
| WTI | 2024-10-04 | [Palm surges on Middle East conflict, records highest weekly gain in 16 months - Markets - Business Recorder](https://feedsoft.ai/events/7764-palm-surges-on-middle-east-conflict-records-highest-weekly-gain-in-16-months.md) | +2.9% | -6.3% |

## Sources

- infomarine.net: https://infomarine.net/en/insight/54-container-news/86785-freightos-weekly-update-conge.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.