The US–Iran conflict is driving major disruption in global tanker markets, with freight rates showing extreme volatility, oil flows shifting and market stability under pressure.
In this Argus Weight of Freight vodcast, Alex Younevitch (Vice-President, Freight at Argus Media) and Charles Chasty (Head of Research, Affinity Shipbrokers) analyse the latest developments in crude and product tanker markets, changing trade routes, and the role of geopolitical risk in shaping shipping costs.
The discussion explores whether current tanker freight levels reflect real market activity, how higher freight costs are affecting oil trading margins, and which regions and market participants are benefiting most — including the role of Russian exports and evolving sanctions.
Key topics include:
- Tanker freight rate volatility and price insights
- Impact of Strait of Hormuz disruption on global oil shipping
- Changes in crude and refined product trade flows
- Shipowner and charterer strategies in a high-risk market
- Outlook for tanker markets if disruption continues
This session provides essential insight for oil traders, refiners, shipowners and charterers navigating rapidly changing global energy and shipping markets.
Tanker markets on Edge
The US–Iran conflict is driving major disruption in global tanker markets; watch freight experts discuss the implications.

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