On June 13, the global energy market reacted sharply to breaking news: Israel had carried out a strike on Iranian military targets. Early fears suggested a broader escalation could be underway, perhaps even one that would drag in Iran’s critical oil infrastructure. While that didn’t happen (Iran’s oil facilities were untouched), the market didn’t wait for confirmation. Diesel futures spiked nearly 8%. Crude oil prices … Read More
Are Ocean Carriers Headed Back into Choppy Financial Waters?
A ceasefire in the war between Israel and Hamas has opened fresh considerations for the global shipping sector, which is already grappling with a range of economic and geopolitical challenges. Over the past few years, the ocean shipping industry has been on a rollercoaster of market volatility, with disruptive economic conditions and shifting supply chain demands driving cargo rates skyward—at least until recently. Now, many … Read More