Tanker Market Now a “Hostage” of Geopolitics

The tanker market has felt the full force of geopolitical factors having an impact on freight rates, demand and cargo flows/ton-mile demand, since the start of 2025. In its latest weekly report, shipbroker Gibson said that “after a chaotic 2025 dominated by tariffs, trade wars, actual wars and sanctions, it seemed hard to imagine 2026 …

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