Sailing Into The Unknown

6 Mar 2026: Iran conflict creates massive uncertainty It is rare for us to cover the same topic two Tanker Opinions in a row, but these are unusual circumstances. Last Friday, we discussed several possible scenarios with respect to Iran in our Opinion titled “Will He Or Won’t He?”. On Saturday morning, the answer came. The U.S. and Israel launched airstrikes on Iran in what the U.S. military dubbed “Operation Epic Fury”. Iran responded with massive missile and drone barrages targeting U.S. interests and allies in the region. The outbreak of hostilities had an immediate impact on oil prices and tanker freight rates. The Strait of Hormuz has become key focus of the world, since 20-21 million barrels of crude oil, condensate and petroleum products pass through this chokepoint daily, representing about 20% of global oil consumption and approximately 30% of seaborne oil trade. In today’s tanker opinion we will try to give an overview of the current situation and see what could happen in the short to medium-term if the conflict persists. Please fill out the form to read the article