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US President Trump: I am not frustrated with Netanyahu.
2026-06-16
US President Trump: I am not frustrated with Netanyahu.
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2026-06-16
Italian Prime Minister Meloni: Thank you to Canada for granting priority access to critical mineral reserves.
Italian Prime Minister Meloni: Thank you to Canada for granting priority access to critical mineral reserves.
2026-06-16
JP Morgan says a US‑Iran peace deal would significantly raise the probability of the Strait of Hormuz reopening, a positive catalyst for tanker names by increasing chances of normalized crude purchases and inventory rebuilds. The bank reiterates an o
JP Morgan says a US‑Iran peace deal would significantly raise the probability of the Strait of Hormuz reopening, a positive catalyst for tanker names by increasing chances of normalized crude purchases and inventory rebuilds. The bank reiterates an overweight on COSCO SHIPPING Energy Transportation (01138.HK) with a PT of HKD27, noting the market has lost about 1.3 billion barrels of supply since the Middle East conflict and that trade will likely shift to longer‑haul sources (US, West Africa, Brazil), pushing VLCC freight above historical averages. JP Morgan says recent weakness in tanker shares reflects reduced confidence in panic restocking rather than a deterioration in industry fundamentals.
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