As geopolitical disruption reshapes global trade, the real impact extends far beyond simple rerouting. Using examples from the Middle East, Europe and Asia, this session examines how disruption is changing trade routes, project logistics and commercial decision-making. From war risk and insurance shocks to longer voyages, schedule disruption and shifting risk allocation, the discussion explores emerging vulnerabilities, how companies are adapting route and contract strategies, and what these shifts signal for the future geography of global trade and project development.