Baltic Dry Index – Monthly Analysis

Hormuz may no longer be priced as a full-blown blockade risk, but it is not priced as clean peace either. The market sees reopening; the politics still point to a dangerous dispute over control of the world’s most important energy chokepoint. That makes the Baltic Dry Index especially important here. As a real-time proxy for global trade, shipping pressure, and raw-material demand, BDI has a long history of flagging major market turns before they become obvious elsewhere. With Middle East peace expectations rising while shipping routes remain exposed to sudden disruption, BDI’s next signal could carry unusual weight. In this report, we examine what the Baltic Dry Index is revealing beneath the surface — and what it may be telling us about the next major move in global markets. CANDLES: It was a truly intriguing close of the Baltic Dry Index (BDI) today on Friday, July 3, 2026. The weekly…