EU debates further Russian oil price cap

Plans are underway to limit Russia exports, may prove difficult to enforce In response to the war in Ukraine, the EU and G7 set a price cap of $60 per barrel on Russian oil to reduce Russia’s export revenue. The EU also plans to end all Russian oil imports by 2027, requiring member states to […]

The Middle East tension – and its ramifications

An overview of the Iran/Israel conflict’s impact on shipping The longstanding tensions between Israel and Iran have escalated following Israel’s strike on an Iranian diplomatic facility in Damascus, Syria – a key hub for Iranian military coordination in the region. This prompted a direct response as Iranian missiles struck major Israeli cities on Monday. What […]

Market reacts sharply to Israel/Iran conflict

Middle East tension driving tanker rates upwards This week has been positive across EMF’s key shipping segments, driven by the unfortunate heightened tensions in the Middle East. The ongoing conflict between Iran and Israel is now impacting the broader shipping industry, with the most pronounced effects seen in the tanker and gas markets — both […]