Tanker stocks sink as Opec+ output pause and softer freight rates stir market jitters
- Tanker shares fell after Opec+ paused its production ramp-up and freight rates lost momentum
- Analysts expect tanker rates to resume climbing
- Effectiveness of sanctions in restricting Russian oil exports will be a key variable
Despite a market sell-off sparked by Opec+’s cautious move, the real turning point for tankers may lie in how deeply sanctions reshape global oil flows
