Record LR2 trading dirty, Market Holds Firm

Record LR2 trading dirty, Market Holds Firm
A record high number of LR2s are now trading in the dirty market. While this shift first began to emerge in October 2025, the recent conflict has clearly accelerated the trend, with LR2 increasingly deployed into dirty trades as the market shows better economics. The...
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How much can we really expect from the Iran sanction waiver?

Record LR2 trading dirty, Market Holds Firm
At first glance, the U.S. Office of Foreign Assets Control (OFAC)’s 30-day waiver allowing imports of Iranian oil already on water appears to be a headline solution to the crude market’s supply panic. Combined with Russian barrels, the “additional” volumes potentially...
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