Strait of Hormuz Crisis Drives Freight Rate Spikes Globally

What if freight rates on Middle East trade routes increase by 15-20% for the next 2-3 months?

Model a scenario where transportation costs for ocean freight originating from or routing through the Strait of Hormuz region increase by 15-20% due to security premiums, rerouting, and capacity constraints. Apply this cost increase to all shipments currently using this corridor and estimate the impact on landed costs and profitability for affected product lines.