Last month we wrote about a floor to bunker prices: what next?

Last month’s report on a floor to oil and bunker prices seemed an appropriate topic at the time, and the conclusion was Brent in the $40s and VLSFO in the $300s. Four weeks later, it looks like the report is already redundant and can be shelved for the foreseeable future.

Events and ‘Trump-led’ politics have caused chaos. From a commercial perspective, the closure of the Strait of Hormuz means oil is at the forefront of developments across global markets, and we are in the thick of it.