Huatai Securities highlights that the risk of disruption in the Strait of Hormuz has intensified, posing a threat to the global maritime supply chain and potentially catalyzing a new upswing in the shipping sector. Notably, international oil shipping stands to be significantly impacted by the unfolding situation in the Middle East, with freight rates anticipated to skyrocket from their current low levels. In contrast, container shipping and dry bulk shipping are expected to experience relatively muted effects.