Could the Iran situation start showing up in the Baltic Dry Index (BDI)?

Been thinking about this with everything going on around Iran and the Strait of Hormuz lately.

Most of the focus is obviously on oil, but I’m wondering if this starts showing up in the Baltic Dry Index too at some point.

I know BDI is dry bulk (iron ore, coal, grain etc), not oil directly, but it still feels like there could be knock-on effects.

If routes get disrupted or ships start avoiding certain areas, that probably means longer journeys, higher fuel costs, maybe tighter supply of vessels overall.

At the same time though, if trade slows down because of uncertainty, you’d expect demand for shipping to drop… which would push BDI lower.

Curious what people here think.

Does something like this actually show up in BDI in a meaningful way, or is it too indirect compared to something like oil prices?