Despite a memorandum of understanding between the United States and Iran aimed at de-escalating tensions and reopening the Strait of Hormuz, shipping costs are continuing to rise. Shipping companies are announcing further increases in freight rates. The Strait of Hormuz is a critical global shipping lane, and previous geopolitical instability had contributed to increased costs due to security concerns and insurance premiums. The expected reduction in these costs following the US-Iran agreement has not yet materialized in lower shipping fees. Industry analysts suggest several factors may be at play, including existing capacity constraints and continued global demand. It remains to be seen whether these costs will decrease in the coming weeks as the agreement is implemented and its effects are fully felt. The situation is being closely monitored by international trade organizations.