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“It won’t be tough to finish the job” – Middle East Latest
Iran has launched more attacks on vessels transiting the Strait of Hormuz, triggering more threats from the White House.
Mind the Macro

US-Iran Tensions Escalate, Oil Volatility, and Grain Route Disruptions
This edition covers the escalating US-Iran conflict impacting the Strait of Hormuz and oil prices, disruptions to Black Sea grain routes, Europe's contradictory gas market, and the container sector's long-term outlook amidst geopolitical unpredictability.
All Reports

CPP Arbitrage Report 14.07.2026
The resumption of hostilities in the Middle East and Russia's ban on diesel exports have impacted market arbitrages.

CPP Arbitrage Report 07 July 2026
Time passes, yet uncertainty continues to reign in the Middle East, after Tehran launches more attacks against commercial vessels.

CPP Arbitrage Report 30 June 2026
The uncertainty in the Middle East continues to cause refined product prices to fluctuate and, by extension, global arbitrages.

CPP Arbitrage Report 23 June 2026
Oil prices are trending lower after developments in the Middle East; coupled with a softer freight market, arbitrages are opening.

CPP Arbitrage Report 16 June 2026
The latest developments in the Iran war are having significant impacts on oil prices - both crude oil and refined products - affecitng arbitrages.

CPP Arbitrage Report 26 May 2026
Arbitrages in the Atlantic Basin are largely open, which has been reflected in certain routes.

CPP Arbitrage Report 19 May 2026
Diesel opportunities reflect volatility, highlighting a complex market influenced by shipping costs and regional demand fluctuations.

CPP Arbitrage Report 12 May 2026
The Strait of Hormuz remains closed, with arbitrages continuing to fluctuate and volumes trending downward.

CPP Arbitrage Report 05 May 2026
Arbitrages over the past week have been a little more "stable", but there is still plenty of volatility...

CPP Arbitrage Report 28 April 2026
CPP arbitrages continue to swing on fluctuating product prices, as the war in Iran continues to upend global oil markets.

CPP Arbitrage Report 21 April 2026
The latest CPP arb report indicates significant changes in arbitrage opportunities amid increasingly volatile refined product prices across the globe.

CPP Arbitrage Report 14 April 2026
Refined products arbitrage analysis reveals disparities, with gasoline from NW Europe to USAC at USD 22.43 and US Gulf to Med diesel at USD 258.67, while AG to NW Europe diesel close at USD -587.12 amid rising geopolitical tensions.
