Russian coal loadings reached 5.6Mt/wk last week, up +41% MoM and +35% YoY to a fresh 5-year high.
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Focus on: Iranian export waivers
A new US sanctions waiver marks a step towards the return of Iranian oil to international markets, signalling potential shifts in global energy markets and tanker demand.
Iran’s grain suppliers unlikely to change despite US talks
Despite speculation that improving US-Iran relations could revive US grain exports, Iran’s central bank governor stated that existing agreements do not require purchases of US agricultural products.