ShippingWatch

Iranian retaliation could have severe consequences for tanker market

The high-tension situation between the US and Iran has so far not made a significant impact on the tanker market. Should Iran choose to retaliate, however, it could have major consequences, assesses brokerage Arrow Tankers to ShippingWatch.

Photo: Hamad I Mohammed/Reuters/Ritzau Scanpix

While the world awaits the next step in the tense situation between the US and Iran following the former's attack on Friday, the tanker market has so far not reacted, and rates remain stable.

This picture could change, though, if Iran chooses to retaliate for the drone attack in Iraq that killed Iranian Major General Qassem Soleimani and other prominent people from an Iran-backed militia.

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