The escalation of the Iran conflict is already creating a ripple effect across global air cargo markets.
Middle Eastern carriers play a critical role in the global network, acting as major hubs connecting Asia, Europe, Africa, and the Americas. As disruptions affect their operations and airspace routing, capacity tightens across multiple trade lanes, which is reflected in the latest market data: Europe–Middle East rates are up +22%, Asia–North America +12%, and Europe–Asia +9%, while some markets remain flat or slightly softer as flows rebalance (for example North America–Europe −9% and Asia–Europe −1%).
