Inter Continent Trading: Tankers: Persian Gulf vs Red Sea freight premium disappears as Harvey disrupts trade

After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.

• Oct 29, 2026U.S. Bank Freight Payment Index: Shipper Costs Hit Five-Year High as Freight Demand Stalls-2.4%
• Feb 8, 2019Port Report: Coastal shift in U.S. container trade might be in cards for 2020 - FreightWaves+3.8%
• Aug 4, 2026Record Grain Movement Meets Rising Harvest Freight Costs - RFD+5.6%
• Dec 13, 2023Fuel tankers face long slog as Panama Canal drought reroutes flows+8.5%
• Mar 30, 2026Mississippi River Reopens As Freight Costs Begin Rising --4.2%

After 11 past neutral logistics events, Crude Oil (WTI) moved a median +3.8% over 5 sessions (73% higher; middle half -0.4% to +6.6%), and +6.3% over 20.

• Apr 7, 2022Dry bulk quarterly: High commodity prices, volatile bunkers arrest freight demand+8.2%
• Feb 19, 2021Traders rush to supply fuel to the U.S. as Texas freeze bites+5.0%
• May 29, 2019CORRECTED-UPDATE 2-MPLX to restart Ozark crude pipeline on Thursday after outage -traders-9.3%
• Apr 22, 2026Tankers undercut grain ships in Panama Canal: queues have increased significantly — EADaily, April 22nd, 2026 — Politics, Russia+9.8%
• Mar 26, 2021Suez Canal crisis: Here are the cargoes in the crossfire - FreightWaves+5.0%