Transpacific container freight held near annual highs in the week to 06 October 2026 as carrier blank sailings countered China’s Golden Week lull, whilst European corridors extended their decline following expanded Red Sea transits.
Global crude oil futures settled lower on Friday as European leaders agreed to release emergency fuel reserves to cool spiralling product prices, though persistent Middle East war risks and strikes on Russian refineries limited losses for Brent.
Global crude oil futures surged over 4% on Thursday, lifted by an escalation in US military deployments to the Middle East and China’s unexpected suspension of refined fuel exports, stoking fears of acute global product shortages.
Advancing into confirmatory due diligence five months after signing an initial memorandum of understanding, the Kingdom’s two dominant producers confirmed that negotiations over transaction structures, equity valuations, and commercial synergies are on track to conclude by the end of October 2026.
Global crude oil futures advanced on Wednesday, capping steep monthly gains as stalled US–Iran diplomatic talks and substantial draws in US refined fuel inventories outweighed rebounding Persian Gulf crude export flows.
Transpacific container rates touched fresh annual highs in the week to 30 September 2026, lifted by a bilateral US–China trade truce and severe origin berth delays, whilst Europe-bound lanes extended their steep correction on expanding Red Sea transits.