--- title: Rounding up a volatile month description: "Heightened Middle East tensions and OPEC+ support temporarily boosted tanker earnings\n\nJune was characterized by heightened volatility. The first half of the month saw muted activity and seasonal softness, but the tanker market staged a sharp rebound in the second half, driven by escalating tensions between Iran and Israel.\n\nVLCC rates more than doubled within a single week, while the Suezmax and Aframax segments also posted significant gains. However, as signs of de-escalation emerged in the final days of June, earnings gradually reverted to more typical levels." image: https://blog.maritimefinance.ch/hubfs/M7_article_1.jpg --- [![EMF](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/EMF.png)](https://maritimefinance.ch/fr) - [ABOUT](https://maritimefinance.ch/about-us/) - [OUR FLEET](https://maritimefinance.ch/our-fleet/) - [PAST PERFORMANCE](https://maritimefinance.ch/past-performance/) - [INVESTMENTS](https://maritimefinance.ch/investments/) - [MARKET NEWS](https://blog.maritimefinance.ch/en/marketreportweekly) - [GLOBAL NEWS](https://maritimefinance.ch/global-news/) - [CONTACT US](https://maritimefinance.ch/contact-us/) - [ABOUT](https://maritimefinance.ch/about-us/) - [OUR FLEET](https://maritimefinance.ch/our-fleet/) - [PAST PERFORMANCE](https://maritimefinance.ch/past-performance/) - [INVESTMENTS](https://maritimefinance.ch/investments/) - [MARKET NEWS](https://blog.maritimefinance.ch/en/marketreportweekly) - [GLOBAL NEWS](https://maritimefinance.ch/global-news/) - [CONTACT US](https://maritimefinance.ch/contact-us/) [![fr_FR](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/fr_FR.png)](https://blog.maritimefinance.ch/marketreportweekly?hsLang=en) [![en_GB](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/en_GB.png)](https://blog.maritimefinance.ch/en/marketreportweekly?hsLang=en) [![fr_FR](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/fr_FR.png)](https://blog.maritimefinance.ch/marketreportweekly?hsLang=en) ![Rounding up a volatile month](https://blog.maritimefinance.ch/hubfs/M7_article_1.jpg) # Rounding up a volatile month - Home - [\[Market Report\] Monthly](https://blog.maritimefinance.ch/en/market-report-monthly) - Rounding up a volatile month 07/08/2025 [Tanker Update](https://blog.maritimefinance.ch/en/market-report-monthly/tag/tanker-update) 1 Minutes ![M7_article_1](https://blog.maritimefinance.ch/hs-fs/hubfs/M7_article_1.jpg?width=871&height=642&name=M7_article_1.jpg) **Heightened Middle East tensions and OPEC+ support temporarily boosted tanker earnings** June was characterized by heightened volatility. The first half of the month saw muted activity and seasonal softness, but the tanker market staged a sharp rebound in the second half, driven by escalating tensions between Iran and Israel. VLCC rates more than doubled within a single week, while the Suezmax and Aframax segments also posted significant gains. However, as signs of de-escalation emerged in the final days of June, earnings gradually reverted to more typical levels. **Geopolitical tensions are extending shipping routes**The Iran-Israel conflict created significant uncertainty, prompting cautious shipowners to reroute vessels away from the Persian Gulf. This shift not only tightened available fleet supply but also lengthened voyage distances and boosted tonne-mile demand. Despite a provisional ceasefire brokered by the US at the end of June, operational inefficiencies, route changes, and increased risk premiums continued to sustain historically elevated freight rates across the market. **Solid market fundamentals are bolstering industry confidence**Beyond geopolitical influences, several structural factors are also enhancing the tanker market outlook. OPEC+ is gradually reversing its production cuts, with an additional 2.2 million barrels per day scheduled to return between April and November. Analysts anticipate this will generate demand equivalent to 70 more Suezmax vessels, further supporting seaborne trade. At the same time, the global tanker orderbook remains at a historic low and an aging fleet profile is heightening expectations of increased scrapping activity. **Stricter sanctions are increasing pressure on non-compliant tonnage**Western sanctions targeting the shadow fleet have further restricted available tonnage, encouraging a shift back toward compliant shipping. The European Union is considering additional limits on Russian oil exports, measures that could reshape global trade routes and sustain elevated freight rates due to increased tonne-mile demand. --- #### Tag: [Tanker Update](https://blog.maritimefinance.ch/en/market-report-monthly/tag/tanker-update) #### Share: - [Follow us on Facebook](http://www.facebook.com/share.php?u=https://blog.maritimefinance.ch/en/market-report-monthly/rounding-up-a-volatile-month) - [Follow us on Twitter](https://twitter.com/intent/tweet?url=https://blog.maritimefinance.ch/en/market-report-monthly/rounding-up-a-volatile-month&text=Rounding%20up%20a%20volatile%20month) - [Follow us on Linkedin](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.maritimefinance.ch/en/market-report-monthly/rounding-up-a-volatile-month) - [Follow us on Pinterest](http://pinterest.com/pin/create/button/?url=https://blog.maritimefinance.ch/en/market-report-monthly/rounding-up-a-volatile-month&text=Rounding%20up%20a%20volatile%20monthdescription=Heightened%20Middle%20East%20tensions%20and%20OPEC+%20support%20temporarily%20boosted%20tanker%20earnings%20June%20was%20characterized%20by%20heightened%20volatility.%20The%20first%20half%20of%20the[...]&media=https://143789414.fs1.hubspotusercontent-eu1.net/hubfs/143789414/M7_article_1.jpg) --- #### [Promising signs ahead for PCTC market Previous Post](https://blog.maritimefinance.ch/en/market-report-monthly/promising-signs-ahead-for-pctc-market?hsLang=en) --- ## Related Posts It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. [Tanker Update](https://blog.maritimefinance.ch/en/market-report-monthly/tag/tanker-update) [Admin](https://blog.maritimefinance.ch/en/market-report-monthly/author/admin) 03 June, 2025 #### [Mixed start, strong finish to May](https://blog.maritimefinance.ch/en/market-report-monthly/mixed-start-strong-finish-to-may?hsLang=en) The market overcame volatile trends at the beginning of the month The tanker market experienced… [Read More](https://blog.maritimefinance.ch/en/market-report-monthly/mixed-start-strong-finish-to-may?hsLang=en) [Tanker Update](https://blog.maritimefinance.ch/en/market-report-monthly/tag/tanker-update) [Admin](https://blog.maritimefinance.ch/en/market-report-monthly/author/admin) 01 May, 2025 #### [Tanker market strengthens in April](https://blog.maritimefinance.ch/en/market-report-monthly/tanker-market-strengthens-in-april?hsLang=en) Limited supply and increased oil volumes lead to a surge in rates Throughout April, the tanker… [Read More](https://blog.maritimefinance.ch/en/market-report-monthly/tanker-market-strengthens-in-april?hsLang=en) [Tanker Update](https://blog.maritimefinance.ch/en/market-report-monthly/tag/tanker-update) [Admin](https://blog.maritimefinance.ch/en/market-report-monthly/author/admin) 08 April, 2025 #### [March – a lucrative month for the tanker market](https://blog.maritimefinance.ch/en/market-report-monthly/march-a-lucrative-month-for-the-tanker-market?hsLang=en) The outlook for the second quarter is highly optimistic The crude tanker market continued to… [Read More](https://blog.maritimefinance.ch/en/market-report-monthly/march-a-lucrative-month-for-the-tanker-market?hsLang=en) [![EMF](https://blog.maritimefinance.ch/hs-fs/hubfs/Maritime_Finance_April2024/images/cropped-EMF-2.png?width=600&height=632&name=cropped-EMF-2.png "EMF")](https://maritimefinance.ch/fr) #### European Maritime Finance AG ##### Lausanne Rue du Lion-d’Or 6 1003 Lausanne Suisse +41 21 588 04 89 [contact@maritimefinance.ch](mailto:contact@maritimefinance.ch) ##### Zug Gotthardstrasse 26 6300 Zug Suisse +41 41 588 18 56 [contact@maritimefinance.ch](mailto:contact@maritimefinance.ch) - Policies - [Cookies policy](https://maritimefinance.ch/cookies-policy/) - [Privacy policy](https://maritimefinance.ch/privacy-policy/) - [Sustainability policy](https://maritimefinance.ch/esg/) - [Complaints policy](https://maritimefinance.ch/complaint-policy/) - [Legal disclaimer](https://maritimefinance.ch/legal-disclaimer/) - Shortcuts - [OUR FLEET](https://maritimefinance.ch/our-fleet/) - [ABOUT US](https://maritimefinance.ch/about-us/) - [INVESTMENT](https://maritimefinance.ch/investments/) - [ESG](https://maritimefinance.ch/esg/) - [CAREER](https://maritimefinance.ch/career/) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Admin", "url" : "https://blog.maritimefinance.ch/en/market-report-monthly/author/admin" }, "dateModified" : "2025-07-08T13:42:29.704Z", "datePublished" : "2025-07-08T13:42:29.000Z", "headline" : "Rounding up a volatile month", "image" : [ "https://blog.maritimefinance.ch/hubfs/M7_article_1.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.maritimefinance.ch/en/market-report-monthly/rounding-up-a-volatile-month", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.maritimefinance.ch/hubfs/EMF_logo_positiv_0224.png" }, "name" : "SIPA Group SA (EMF)" } } ```