The Rules Just Changed: Tariffs, Iran & What Freight Buyers Do Next | Paul Bingham, S&P Global

The US and Israel have struck Iran. The Supreme Court has struck down the IEEPA tariffs. And every freight buyer is asking the same question: what do we actually plan for now?

Mike King sits down with Paul Bingham, Director of Transportation Consulting, Economics and Country Risk at S&P Global Market Intelligence, at TPM26 in Long Beach to make sense of it all.

They cover:

  • The Iran strikes and what they mean for oil prices, Hormuz and Gulf shipping lanes
  • The Supreme Court IEEPA ruling and Trump’s Section 122 replacement tariffs
  • Tariff refunds: what importers need to know
  • Why countries that did deals with Washington are now worse off than those that didn’t
  • Scorecard on US trade policy: did it work?
  • Can freight buyers plan around blanket tariffs?
  • The $901 billion US trade deficit: reshaped or just rerouted?
  • Where inventories stand heading into 2026
  • The outlook for US imports in 2026

This episode is produced with the support of Dimerco Express, a leading freight forwarder and supply chain solutions provider across Asia and beyond.

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