Tanker traffic partially recovers amid geopolitical shifts

Key facts

• Tanker traffic has partially recovered.
• Flows are estimated to stabilize at 60-70% of pre-war levels.
• This indicates a more fragmented and politically driven shipping environment.
• Iranian exports have reportedly decreased by approximately 90%.

The ongoing geopolitical landscape has significantly impacted global shipping routes and volumes. The partial recovery in tanker traffic, coupled with a sharp decline in Iranian exports, suggests that disruptions and political considerations continue to shape the maritime trade environment, potentially leading to increased costs and reduced efficiency.