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<Shipping>Baltic Dry Index Higher as Conflict Escalation Mounts Shipping Pressure
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The Baltic Dry Index elevated for the third consecutive trading day on Tuesday, climbing another 55 points or 2.5% to 2,242, marking the highest level since December 11, 2025. Due to the escalation of the conflict in Iran, the closure of the Strait of Hormuz has forced ships to take longer routes. Meanwhile, shippers are adjusting capacity, and insurers withdrawing coverage, pushing up freight rates, which further exacerbated global shipping pressure. AASTOCKS Financial News Website: www.aastocks.com |
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