Tankers In Turmoil?

Oct 4th, 2024:A conflict is brewing in the Middle East The Middle East has been a source of tension and instability for many decades. The geopolitical landscape of the region is shaped by a myriad of conflicts that are deeply rooted in historical grievances, religious divisions, and national interests. Because of the region’s significant position in global crude oil production and exports, developments in the Middle East have always had an outsized impact on the oil and tanker markets. The current hostilities are no exception. While nobody knows what will happen next and how the various parties involved will respond, the uncertainty itself has pushed oil prices and tanker rates higher this week. In this Tanker Opinion, we’ll discuss some of the factors that could determine where the oil and tanker markets go from here. Please fill below form to continue read.