Loading…
Fuel and freight prices are rising as war chokes the Strait of Hormuz. The Panama Canal is seeing more traffic than usual as shippers reroute.
Rerouting toward Panama raises voyage costs and shifts grain and energy flows, supporting freight and crude-linked prices.
cnn.comElizabeth González, Max SaltmanMar 12, 2026Not enough comparable past events yet for a historical read.
After 26 past bullish logistics events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (58% higher; middle half -5.1% to +9.5%), and +2.0% over 20.
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.
