The US and Denmark finalised a security deal regarding Greenland, enhancing stability in the Arctic and increasing US investment potential amid rising geopolitical dynamics.
Concurrently, oil prices have shown volatility with WTI and Brent fluctuating around USD 100–109 per barrel as Saudi crude exports rebound, while iron ore exports from Australia rose notably despite restrictions from China's CMRG.
Meanwhile, LNG flows are cautiously recovering from historical lows, underpinned by limited transits through Hormuz and a competitive market between Europe and Asia, resulting in heightened regional dynamics for LNG shipping.