The global chief economist for S&P Global Ratings told TPM26 that the uncertainties inherent in current White House policies are factored into economic forecasting. Meanwhile, former US Treasury Secretary Yellen warned that the Iran conflict poses a new risk to US economic growth, suggesting consumers might reduce spending if crude oil and gasoline prices stay elevated due to recent US and Israeli strikes on Iran. Separately, MSC is downgrading its India-Europe/Mediterranean network due to difficulties in handling transshipment cargo, a move anticipated to impact Indian ports after the government revoked a cabotage waiver previously granted to foreign-flag carriers since 2018. In other news, the truckload capacity index has risen as major US carriers reallocate assets, and shipping companies are avoiding the Middle East region following US and Israeli strikes on Iran.