Latest / Trade with Conviction
Episode 97: Hormuz transits accelerate but risk is high.
Neil Crosby hosts with Michael Ryan and June Goh. Growing Hormuz transits, a record 262 VLCC orders, Atlantic tonnage oversupply, softening Dubai premiums, and why Singapore VLSFO blend margins are building a bullish case into Q3.
Chapters:
(00:48) Atlantic freight: the tonnage trap
Ships flooding the Atlantic from all segments as Persian Gulf flows shrink, driving wild rate swings.
(04:47) Iran, Hormuz and US strategy
US-Iran direct conflict resumes; Hormuz transits quietly growing as Iran's oil influence fades.
(07:26) Demand data and inventory watch
Indian and EU demand mixed; Cushing near…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.