Tag: grain
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Maximum Pressure: Unpacking the U.S. Sanctions on Iran’s Oil Industry and Their Global Impact
The United States’ New Sanctions on Iran’s Oil Industry The United States has imposed a new round of sanctions on Iran’s oil industry, targeting over 30 brokers, tanker operators, and shipping companies involved in transporting Iranian petroleum. Announced by the Treasury Department, these sanctions aim to curtail Iran’s oil exports and revenue, further restricting the…
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Ukraine’s Dry Bulk Exports Rebound: The Resilience of the Black Sea Corridor Amid Conflict
Ukraine’s Dry Bulk Exports Surge Amid Black Sea Corridor Resilience Ukraine’s dry bulk exports have surged as the Black Sea corridor has proven resilient, despite ongoing conflicts. The Black Sea is crucial for Ukraine’s export of goods such as grain, coal, and metals. The resilience of the corridor has been attributed to the efforts of…
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Baltic Index Marks First Weekly Gain in Five Weeks: A Sign of Market Recovery
The Baltic Index Logs First Weekly Gain in Five Weeks The Baltic Index’s first weekly gain in five weeks marks a significant shift in the dry bulk sea freight market. This positive trend is driven by strong rates across all vessel segments, particularly capesize and panamax vessels. The index’s rise is attributed to increased average…