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Episode 107: Diesel cracks blow past 100$. Dirty freight surging.
Felipe Elink Schuurman is joined by James Noel-Beswick and Michael Ryan as Trump threatens Oman and squeezes Iran's UAE-run cash flows. Russian refinery strikes cut runs to a 24-year low, driving diesel cracks past $100 a barrel, while European freight rates collapse to six-month lows.
Chapters:
(01:28) Hormuz standoff and Trump's threats to Oman
Trump threatens crushing sanctions and to bomb Oman as Iran's crude flows keep diversifying away from the strait.
(07:27) Crude freight: Suezmax and VLCC rates skyrocket
Suezmax and VLCC rates surge as owners chase Red Sea and India demand, squeezing…
The skinny
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