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The US-Iran Memorandum of Understanding, signed 60 days earlier to reopen the Strait of Hormuz, expired Aug. 20 with the US blockade still in place.
Maersk, Hapag-Lloyd, CMA CGM and COSCO are moving to resume Red Sea transits, while port congestion in Asia and Europe is adding to container delays.
Container congestion and carrier routing shifts mainly affect manufactured goods rather than bulk feed ingredients, so direct price effects on feed commodities are limited.
worldports.orgMalik JohnsonAug 21, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
