US-Iran relations remain strained following a failed deal discussed at the UN General Assembly, impacting global oil markets.
Brent crude initially dipped but rose sharply after President Trump rejected Iranian proposals. Meanwhile, Asia's LNG demand is recovering, redirecting supply from Europe, while India faces tightening coal supplies, necessitating increased imports and raising spot power prices.
Meanwhile, the container freight market continues to defy expectations, as carriers continue to strategically tighten capacity to support the freight market.