Energy Market Volatility and Gulf Chokepoint Diversification

Tanker rates remain near $647,000 per day while Gulf exports are depressed, Iranian loadings halted, and potentially 8 million barrels per day of production slow to restart. The UAE is expanding eastern-port and rail capacity, alongside interest in Syrian overland routes, Berbera, Suez experimentation, North American LNG, and Saudi-Turkish-Pakistani maritime cooperation.