Gibson tanker report – Aftershock

What: Gibson Shipbrokers Ltd has released a tanker report highlighting the potential aftershocks of the ongoing Middle East War on global oil markets.
Why: The report suggests that the conflict could lead to a significant increase in oil prices, potentially exceeding $**120** per barrel.
Signal: A sharp decline in tanker rates is expected, with spot rates potentially falling by up to **30%**.
Target: The report identifies the **Suez Canal** as a key chokepoint, with potential disruptions to oil shipments through the canal posing a major risk to global supply chains.
Risk: The report warns of a potential **20%** increase in oil price volatility in the coming months, as the conflict continues to escalate.