Geopolitics Before Fundamentals - Tanker Market Report - 30 January 2026 (Gibsons)

Following two weeks of unrest, the oil market is again focused on Iran after a period of relative calm since last summer’s 12‑day war.

At the time of writing, the government appears to have quelled much of the unrest. Even so, the threat of potential US strikes, deep public dissatisfaction, disruption to Black Sea exports, and ongoing developments in Venezuela have kept the oil and shipping markets on edge.

It remains difficult to predict the outcomes in the event of a US attack, a major escalation of protests, or regime change.

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Published by Gibsons.

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