Global chokepoints and domestic corridors — what is moving, and where we can name it, what it costs.
Trade between Europe and its partners continues to adjust to the ever-changing geopolitical environment, and that uncertainty is being felt in the port’s container handling business.
Petroleum markets in the second quarter of 2026 (2Q26) were characterized by continued disruptions to international crude oil and petroleum product flows through the Strait of Hormuz, contributing to higher and more volatile crude oil prices through most of the quarter. The disruptions also resulted in international buyers seeking alternative supply sources for petroleum products, driving up U.S. refinery margins, production, and exports.
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