Core Viewpoint - The escalation of the situation in the Middle East is likely to lead to a significant increase in oil transportation rates due to heightened risks in the Strait of Hormuz, a critical global oil transport route [1] Shipping Industry Impact - The shipping sector may initiate a new round of price increases following the 2024 Red Sea incident, driven by disruptions in the global maritime supply chain [1] - International oil transportation is expected to be significantly affected by the Middle East situation, with rates likely to jump from the current low base [1] - The impact on container shipping and dry bulk shipping from the Middle East region is relatively minor compared to oil transportation [1]