Podcast: Iran brinkmanship, freight shock and margins under pressure
26 February 2026
Time to read: minutes
In the latest episode of Trade with Conviction, the team unpacks a market caught between geopolitics and structural freight disruption. From high-stakes Iran negotiations and US tariff shocks to VLCC rates tripling in two months, we break down how crude flows, refining margins, and arbitrage economics are being reshaped in real time.
> Is oil now trading on a true Iran binary?
> VLCC rates up 200% – who absorbs the extra cost?
> Are diesel and jet at a ceiling despite historic strength?
> Why are Brent and WAF premiums rolling over?
> Is India’s crude reshuffle changing light-heavy balances?
> Singapore 380 weakening – structural shift or short-term pressure?
Listen now on Spotify & all major platforms! 🎧📊
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