The analysis indicates that geopolitical risks are intensifying, and oil transportation prices may rise.

Multiple shipping and commodities research experts have indicated that oil shipping prices will experience a short-term increase, and the future trend of freight rates will depend on the level of escalation in the situation and potential actions Iran may take in the Strait of Hormuz. The crude oil transport index released by the Baltic Exchange showed that the price index on June 16 closed at 987 points, an increase of 6.36%. The rise in just two days, June 13th and June 16th, has brought the index back to the levels of over a month ago. Clarkson Research Services indicate that VLCC freight rates increased significantly last week, with rates on the Middle East-China route rising from WS40 at the beginning of the week to WS58.5 on Friday, pushing the spot market daily income for VLCCs built in 2010 on that route to rise from $20,000 per day to over $35,000 per day.