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TODAY:DP World signs a USD 7 bn Nigeria port agreement + Lesha Bank buys 33 more jets from Avolon
What we’re tracking this morning regionally and around the world
SAR buys 782 railcars to haul Phosphate 3 + Asyad’s new bulkers come pre-booked
Stories on our radar this morning from around the region
Iran may drop its Hormuz fee demand to end the US blockade, but shipowners want more than a reopened strait
An agreement before the midterms looks unlikely, and the bill for ships trapped in the Gulf comes due in February
Washington and eight Gulf capitals are weighing a USD 10 bn fund to route oil and gas around Hormuz
The caveat: Not every Gulf state can build its way out of Hormuz
A Hormuz workaround is draining the global tanker fleet — and Europe and Asia are paying for it
Freight used to be almost incidental to the economics of the barrel, but now it can determine whether the trade…
Asyad advances fleet renewal plans with three tanker sales
The move comes alongside USD 17.5 mn sale of its 18-year-old MR product tanker Al Amerat,
Washington says Hormuz is recovering — but shipping numbers say no yet
Washington is working with GCC states, shippers, and insurers to push volumes higher through Hormuz
TODAY: Is Hormuz reopening or are oil flows simply recovering?
What we’re tracking this morning regionally and around the world
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