Making It Through: Considering Iran’s Decision to Let a Japanese Tanker Pass Hormuz
Published . Updated .
The standoff continues between Iran and the United States, with no denouement in sight. A talk with the Iranian ambassador to Japan sheds light on the history of Tokyo-Tehran ties and brings hope of positive progress in the diplomatic realm.
Directly affected
- No company is named in this report.
Indirectly affected
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “tanker” (tanker shipping) in this story.
- EWJ iShares MSCI Japan ETF-0.2% 30d
iShares MSCI Japan ETF holds stocks listed in Japan, which this story is about (“japanese”).
- FRO Frontline+14.2% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- DHT DHT Holdings
DHT Holdings (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- INSW International Seaways+1.7% 11d
International Seaways (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
- TNK Teekay Tankers
Teekay Tankers (water transportation): tanker owners earn more when more crude has to move by sea. Linked by “tanker” (tanker shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| EWJNo price data for this ticker | — | — | — | — | — | — | — |
| FRO | -4.16% | -3.04% | base | +4.35% | +1.67% | +5.78% | +6.89% |
| DHT | -6.23% | -1.71% | base | +0.10% | -1.77% | +0.20% | +2.18% |
| INSW | -5.43% | +0.49% | base | +2.67% | +0.54% | +1.24% | +2.56% |
| TNK | -4.67% | -3.50% | base | +1.55% | -1.09% | -0.26% | +1.76% |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Making It Through: Considering Iran’s Decision to Let a Japanese Tanker Pass Hormuz nippon.com
Source: nippon.com
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| DHT | that day | +0.10% | final price |
| DHT | the next day | -1.77% | final price |
| DHT | two days later | +0.20% | final price |
| DHT | three days later | +2.18% | final price |
| DHT | three days earlier | -1.71% | final price |
| DHT | five days earlier | -6.23% | final price |
| FRO | that day | +4.35% | final price |
| FRO | the next day | +1.67% | final price |
| FRO | two days later | +5.78% | final price |
| FRO | three days later | +6.89% | final price |
| FRO | three days earlier | -3.04% | final price |
| FRO | five days earlier | -4.16% | final price |
| INSW | that day | +2.67% | final price |
| INSW | the next day | +0.54% | final price |
| INSW | two days later | +1.24% | final price |
| INSW | three days later | +2.56% | final price |
| INSW | three days earlier | +0.49% | final price |
| INSW | five days earlier | -5.43% | final price |
| TNK | that day | +1.55% | final price |
| TNK | the next day | -1.09% | final price |
| TNK | two days later | -0.26% | final price |
| TNK | three days later | +1.76% | final price |
| TNK | three days earlier | -3.50% | final price |
| TNK | five days earlier | -4.67% | final price |
Strait of Hormuz, seven days against thirty
Geopolitics Alpha has 173 stories about Strait of Hormuz from the past 7 days and 450 stories from the past 30. That is faster than its usual pace over the past month. “Making It Through: Considering Iran’s Decision to Let a Japanese Tanker Pass Hormuz” is tagged to Strait of Hormuz.
How solid the energy case looks
12 out of 100
“Making It Through: Considering Iran’s Decision to Let a Japanese Tanker Pass Hormuz” scores 12 out of 100. The score uses 1 sources.