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Tuesday
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Jul 2026
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Double shock in global diesel market disrupts product tanker balance

Russia’s export ban and the crisis in the Strait of Hormuz are reshaping trade flows, creating new routes for cargoes and altering the outlook for the product tanker market

A Qatari tanker carrying LNG was struck by a missile near Oman – Gas and oil prices rose slightly

The Al Rekayyat, a ship owned by Nakilat, Qatar's state-owned shipping company, was struck in the early hours of Tuesday morning

Oil tanker allegedly hit by drone near Bosphorus Strait

According to MarineTraffick, the tanker is Sierra Leonean-flagged and reportedly departed from Novorossiysk, Russia on 22 March for Istanbul.

A Greek ship was hit by a missile in the Black Sea – The 24 sailors, including 10 Greeks, are in good health

The tanker was off the coast of Novorossiysk and sustained only material damage on its right side; it was sailing without cargo

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