FacebookTwitterEmailLinkedin According to GMS’ latest ship-recycling report, global markets are showing signs of easing pressure, with lower oil prices, softer freight rates, persistent inflation in key economies. As informed, the war premium has finally cracked. Brent crude fell more than 4% on Thursday toward USD 89 per barrel, its lowest level since March, with WTI near USD 86, after President Trump suspended military strikes against Iran that had been scheduled for that evening and told reporters that a deal reopening the Strait of Hormuz could be signed as early as this weekend, likely in Europe. RelatedNews MSF publishes 2025 Safety Statistics Report highlighting incident trends Baltic Exchange: Maritime market highlights 8-12 June var jnews_module_21375638_0_6a2fcbddee0e1 = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21375638","include_category":"","exclude_category":"","include_author":"","include_tag":"1974,568,1573,1582","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,"ads_type":"disable","ads_position":1,"ads_random":"","ads_image"