This week, we unpack the latest developments in the Middle East and what a continued disruption means for global supply chains. Host Charlotte Goldstone is joined by Freightos’ head of research, Judah Levine, for a data-driven look at how ongoing conflict, airspace closures, and shipping reroutes are reshaping both air and ocean freight markets. With Gulf carriers under pressure, we explore the extent of the air cargo capacity squeeze and what it’s doing to rates across key lanes. On the ocean side, the picture is more nuanced. Despite disruption concerns — from Hormuz risks to fuel price volatility — rate increases haven’t surged as sharply as expected. So what’s actually happening beneath the surface? Later, Gavin van Marle joins the conversation to break down emerging supply chain patterns, including shifting trade routes, the growing role of alternative hubs like Jeddah, and the broader balance between supply, demand, and geopolitical uncertainty. Plus: the latest premium stories and what’s been moving the market this week all in just 20 minutes.