Record LR2 trading dirty, Market Holds Firm

What: A record **23%** increase in LR2 trading in the dirty market has been observed.
Why: The recent conflict has accelerated the trend due to better economics.
Signal: The Strait closure has led to a shift in LR2 deployment.
Target: Market participants are now focusing on the cleaner market, with **40%** of LR2s expected to be redeployed.
Risk: The increased reliance on dirty LR2s poses a **10%** risk of supply chain disruptions.