Will Cunliffe
Research Analyst, The Officials
Playing battleships
The boom boom continues, Mr T is having gasoline fueled nightmares again and Asian fuel oil prices remain elevated despite surging Chinese e
The boom boom continues, Mr T is having gasoline fueled nightmares again and Asian fuel oil prices remain elevated despite surging Chinese exports.
A weekend of infamy in the Strait of Hormuz. If ever there were doubts Iran would attack shipping to keep it closed, they have been quashed. The ship hits shunted Brent higher at the open, back into the $90s for the first time since 11 June! The prompt spread jumped to over $2. The IRGC said a couple of tankers were damaged by sea mines, but the US denied this. Kavomaleas (IMO: 1042823) is a products tanker, belonging to Dynacom, now seemingly drifting around in the Strait, just north of Khasab – its latest AIS signal came at around 04:30 BST. The UKMTO reports a fire onboard after being “struck by an unknown projectile”.
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