OX: Hormuz peace parley and Hapag takeover talk as peak season arrives

By Ruben Huber 22/06/2026 At time of writing, negotiations between US and Iran, mediated by Qatar and Pakistan continue in Switzerland. Rewind for a moment. On Thursday 18 June, the “pre-deal“ MoU had “opened” Hormuz and Trump asked shipping to “start its engines”. Some ships passed but then it closed again after renewed hostilities in Lebanon. The story continues… Meanwhile, our early peak season – caused by a demand surge, low inventory levels and carrier discipline on the supply side – continues, and rates moved up ...