Russian metals producer, Nornickel, has reported that the Iran war has extended delivery times for its base metals exports by about three weeks and increased freight costs, but higher metal prices offset these expenses. The strikes by the U.S. and Israeli have caused major logistical disruptions, disrupting shipments through the Strait of Hormuz and posing risks for shipping through the Suez Canal. The company has stopped using the Southeastern Canal and is routing cargoes around Africa. After sanctions were imposed on Russia, it planned to sharply reduce shipments via Rotterdam and Tangier.