Summary
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Despite the US-Iran ceasefire agreement, Xeneta warns that ocean supply chain networks will not fully recover until mid-September 2026. Spot rates from the Far East to US West Coast have surged 192% since late February, with rates expected to climb for at least four more weeks. Around 10% of global container capacity remains impacted by the blockade, and many vessels out of Asia are fully booked through July. Xeneta outlines a three-stage recovery: extracting stranded vessels, restoring feeder services, then resuming major long-haul Asia-Europe/transpacific services.