Daily Energy & Shipping Briefing — Jul 13, 2026
Global energy markets surged on Monday, July 13, 2026, as renewed geopolitical tensions in the Middle East, particularly the US reinstatement of a naval blockade in the Strait of Hormuz, sparked significant supply concerns and sent crude oil prices sharply higher. This bullish sentiment in oil contrasted with a downturn in global equity markets, as AI stocks led a broader decline.
Energy Prices
Crude
| Instrument | Unit | Last | Δ Day |
|---|---|---|---|
| Brent ICE | $/bbl | 83.30 | +7.29 |
| WTI NYMEX | $/bbl | 78.14 | +6.73 |
Products
| Instrument | Unit | Last | Δ Day |
|---|---|---|---|
| RBOB Gasoline NYMEX | c/gal | 297.00 | -1.20 |
| Heating Oil NYMEX | c/gal | 345.00 | -0.30 |
Natural Gas
| Instrument | Unit | Last | Δ Day |
|---|---|---|---|
| US Henry Hub NYMEX | $/MMBtu | 2.88 | -0.04 |
Natural Gas Liquids
| Instrument | Unit | Last | Δ Day |
|---|---|---|---|
| US Mont Belvieu Propane NYMEX | $/mt | 420.00 | +8.00 |
Price Spreads
| Instrument | Unit | Last | Δ Day |
|---|---|---|---|
| RBOB Gasoline/Brent Crack Spread | $/bbl | 41.44 | -7.79 |
Shipping Rates & Bunkers
Dirty Tanker (Spot TCE, $/day)
| Vessel | Route | Spot TCE | Avg YTD |
|---|---|---|---|
| VLCC, 270 | AG-FE | 45,000 | 38,000 |
| Suezmax, 130 | WAF-UKC | 32,000 | 29,500 |
| Aframax, 80 | Carib-USGC | 25,000 | 23,000 |
Clean Tanker (Spot TCE, $/day)
| Vessel | Route | Spot TCE | Avg YTD |
|---|---|---|---|
| LR2, 75 | AG-FE | 28,000 | 25,000 |
| LR1, 55 | AG-FE | 22,000 | 20,000 |
| MR, 37 | TC2 (UKC-USAC) | 18,000 | 17,500 |
Time Charter & Asset Values
| Vessel | 1yr ($/day) | Newbuild ($M) | 5yr ($M) |
|---|---|---|---|
| VLCC, 200+ | 52,000 | 130.0 | 115.0 |
| Suezmax, 150 | 38,000 | 90.0 | 80.0 |
| MR, 50 | 25,000 | 50.0 | 45.0 |
LNG Vessels ($/day)
| Type | Spot | Sentiment | 52wk Avg |
|---|---|---|---|
| 160M3 Tri-fuel diesel electric (East) | 150,000 | Neutral | 120,000 |
| 174M3 TFDE (Atlantic) | 140,000 | Neutral | 110,000 |
Bunkers ($/mt)
| Port | VLSFO | HSFO | MGO |
|---|---|---|---|
| Singapore | 676.0 | 478.5 | 978.5 |
| Rotterdam | 660.0 | 485.0 | 990.0 |
| Fujairah | 685.0 | 490.0 | 980.0 |
LPG (Spot TCE, $/day)
| VLGC, 44 (AG-Japan) | 40,000 |
| VLGC, 84 (USGC-Japan) | 55,000 |
Carbon Markets
| Instrument | Unit | Bid | Offer |
|---|---|---|---|
| European Union Allowances (Spot) | EUR/ton | 79.14 | 79.16 |
Equities & Currencies
| Index | Region | Last | Δ Day |
|---|---|---|---|
| S&P 500 | United States | 7,515.34 | -60.05 |
| Dow Jones Industrial Average | United States | 52,498.64 | -138.37 |
| Nasdaq Composite | United States | 25,873.18 | -408.43 |
| Pair | Region | Last | Δ Day |
|---|---|---|---|
| EUR/$ | European Union | 1.14 | 0.00 |
Developments
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US reinstates naval blockade of Iranian shipping in Strait of Hormuz, imposing 20% toll on cargo
The United States announced the reinstatement of a naval blockade targeting Iranian shipping in the Strait of Hormuz, along with a proposed 20% toll on all cargo transiting the vital waterway, significantly escalating geopolitical tensions in the Middle East.
Reuters/Bloomberg · Jul 13, 2026
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Brent crude oil prices surge over 9% to one-month high amid Strait of Hormuz disruptions
Brent crude futures settled up $7.29, or 9.59%, to $83.30 per barrel, marking a one-month high, as the US naval blockade of Iran reignited concerns over energy shipments through the Strait of Hormuz.
Reuters · Jul 13, 2026
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WTI crude oil jumps over 9% as US-Iran tensions intensify
U.S. West Texas Intermediate crude settled up $6.73, or 9.42%, to $78.14 a barrel, with prices surging due to heightened geopolitical developments and supply fears in the Strait of Hormuz.
Reuters · Jul 13, 2026
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Global stock markets decline, AI stocks lead losses amid geopolitical uncertainty
The S&P 500 fell 0.8%, the Dow Jones Industrial Average dropped 0.3%, and the Nasdaq composite sank 1.6%, as more losses for computer chip companies and other AI-related stocks weighed on markets following a weekend of attacks in the Middle East.
Associated Press · Jul 13, 2026
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OPEC lowers 2026 global oil demand growth forecast for third consecutive time
The OPEC cartel of oil-producing nations lowered its forecast for global demand growth in 2026 to 780,000 barrels a day, down from its previous estimate of 970,000, marking the third consecutive downward revision.
The Guardian · Jul 13, 2026
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Commercial shipping traffic in Strait of Hormuz plunges to near zero after US strikes
Commercial shipping traffic through the Strait of Hormuz has worsened significantly, with vessel movement now limited to a single northern corridor and transits near zero following US strikes on Iranian targets.
Bloomberg/SEA-NEWS · Jul 13, 2026
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CMA CGM to acquire FedEx Supply Chain for $1.4 billion, expanding North American logistics
CMA CGM agreed to acquire FedEx Supply Chain, FedEx's entire third-party logistics and contract warehousing division, for $1.4 billion, significantly expanding CEVA Logistics' North American contract logistics footprint.
Reuters · Jul 13, 2026
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EU carbon allowance prices fall below 80-euro mark
EUA prices fell back below the 80-euro mark and closed just above the 200-day moving average, which currently stands at 79.15 EUR, despite rising energy prices.
advantag.de · Jul 13, 2026
