{"id":94356,"date":"2026-04-02T00:00:00","date_gmt":"2026-04-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?p=94356"},"modified":"2026-04-02T06:48:26","modified_gmt":"2026-04-02T06:48:26","slug":"today-where-to-rest-and-bunker","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/04\/02\/today-where-to-rest-and-bunker\/","title":{"rendered":"TODAY: Where to rest and bunker?"},"content":{"rendered":"

Good morning, wonderful people. <\/strong>Trump\u2019s early-morning address suggested the US is \u201cvery close\u201d to ending the war with Iran, but stopped short of any major announcement like a ceasefire or ground invasion.<\/p>\n

Here\u2019s what you need to know:<\/strong> Trump shifted his tone regarding the re-opening of the Strait of Hormuz, downplaying Washington\u2019s role. Instead, he said, the operation should be led by countries that \u2014 unlike the US \u2014 rely heavily on the strait for oil imports, adding that the waterway will \u201copen up naturally\u201d after the war ends. This runs counter to Trump\u2019s call on Nato allies to help Washington revive traffic in the waterway last month.<\/p>\n

Trump also reiterated his timeline of continuing strikes on Iran for the next two to three weeks, <\/strong>threatening to target its energy infrastructure if \u201cthere\u2019s no [agreement].\u201d He also thanked US allies in the region \u2014 including Saudi Arabia and the UAE \u2014 and vowed that Washington would \u201cnot let them get hurt.\u201d<\/p>\n

\u2026which leads us to our top story of the day:<\/strong> Regional disruptions are reshaping bunker markets, with operators increasingly skipping cargo to reposition fuel where it\u2019s needed \u2014 as access, not supply, becomes the key constraint. <\/p>\n

\n

Watch this space<\/p>\n

<\/a> TRADE \u2014<\/strong> Iraq exports fuel oil overland: <\/strong>Iraq\u2019s Somo finalized contracts to supply<\/a> around 650k metric tons of fuel oil a month from April to June via overland shipments through Syria as an alternative to Hormuz. The move lines up with the reopening<\/a> of the Al Waleed crossings on the Iraqi-Syrian border. Iraqi customs said the first oil trucks had already crossed into Syria, while local Iraqi officials said more than 100 tankers moved<\/a> through on the first day.<\/p>\n

Why it matters:<\/strong> Iraq normally ships fuel oil out of Khor Al Zubair by sea, but officials say the Hormuz disruption has left storage tanks full and forced output cuts, with production at the main southern oilfields down by about 80% to around 800k bbl \/ d \u2014 making this move a lifeline for Baghdad\u2019s oil production, even if it\u2019s more costly.<\/p>\n

\n

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<\/a> LNG \u2014 Oman\u2019s <\/strong>first LNG shipments<\/a><\/strong> to <\/strong>Germany are underway<\/strong>, with German state-owned Sefe indicating the cargoes are moving without disruption, for now. The shipments are the first under the Oman LNG-Sefe supply agreement, which covers 0.4 mtpa between 2026 and 2029.<\/p>\n

Why it matters:<\/strong> This is part of Germany\u2019s LNG diversification push, but the timing matters more now because Qatar is no longer a dependable Gulf fallback. <\/p>\n

\n

Market watch<\/p>\n

Oil prices rose USD 5 this morning after US President Donald Trump said strikes on Iran <\/strong>would continue with no clear end \u2014 heightening supply fears, <\/strong>Reuters<\/a> reports. Brent crude futures gained USD 6.33 to trade at USD 107.49 \/ bbl by 04.07 GMT, while US West Texas Intermediate (WTI) jumped USD 5.28 to USD 105.40 \/ bbl.<\/p>\n

\n

\n

The Baltic Index rebounded: <\/strong>The Baltic Exchange\u2019s dry bulk index \u2014 which tracks rates for the capesize, panamax, and supramax vessel segments \u2014 rose 1.8%<\/a> to 2,030 points on Wednesday, snapping a two-day decline. The capesize climbed 2.6% to 3,023 points, while the panamax index edged up 0.8% to 1,758. The smaller supramax gained 0.6% to 1,209 points.<\/p>\n

\n

\n

Aramco raised April\u2019s liquefied petroleum gas (LPG) official selling prices sharply <\/strong>\u2014 with propane up by USD 205 to USD 750 per ton and butane up by USD 260 to USD 800 per ton, Reuters<\/a> reports, citing traders. <\/p>\n

Is this about demand? Or is supply getting hit hard? <\/strong>Aramco\u2019s Juaymah terminal outage<\/a> last month cut shipments to Asia in March, right when the market needed them, while a third of global seaborne LPG supply was cut off due to Hormuz constraints and damaged capacity. <\/p>\n

\n

Data point<\/p>\n

<\/a> 4.6 mn tons \u2014 that\u2019s how much freight Syria <\/strong>moved<\/a><\/strong> in 1Q<\/strong>, averaging around 51.5k tons a day \u2014 according to our own calculations \u2014 with cross-border cargo making up the bulk at 3.8 mn tons. The country\u2019s domestic transport accounted for over 855k tons moved between Syrian provinces.<\/p>\n

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What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":94357,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[980],"tags":[17,35,227,983,142,32,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today-2","tag-enterprise-logistics","tag-iraq","tag-lng","tag-oil-gas","tag-oman","tag-trade","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"5b004835-3c29-41a2-a61f-e9682afa9497","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/4\/989.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: Where to rest and bunker?","related_issue":[94354],"teaser":"What we\u2019re tracking this morning regionally and around the world"},"yoast_head":"\nTODAY: Where to rest and bunker? 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