An explosion of political tension in the Middle East could provide a boost to the tanker market at a time both the crude and product sectors are on an upward curve, according to a respected shipping analyst.
Jon Chappell of Evercore ISI says downward oil demand revisions are playing tug-of-war with rising tensions in the Middle East following Iran’s seizure of the 50,000-dwt Stena Impero (built 2018).
