The shares of shipping companies are rising after Trump's promise to tighten the screws on Iran

The shares of the shipping companies have been boosted, after US President Donald Trump’s plan to push Iran has provoked the possibility of shrinking some of the tankers, increasing the shipping prices on the market, which is already suffering from the impact of the sanctions imposed on Russia. Among the profitable companies, the shares in Tikay tankers in the United States rose by more than 6%on Tuesday before closing profits and closed by 4.9%, and the shares of the Scorpio tankers rose by 4%. The shares of “frontline” listed in both the United States and Europe, and in Asia, the shares of “Mitsui OSK Lines” increased in Tokyo on Wednesday. The Global Oil Tanker market has become a focal point after the outgoing Baiden administration launched a strict sanction package against the Russian energy sector, especially the tankers transporting Russian rough to foreign markets. Read more: Trump is strengthening the economic pressure on Iran yesterday, Tuesday, Trump has carried out promises before the election by introducing strict measures on the Iranian oil trade, which could lead to a small number of ships in the market. Although the Richtien released on Tuesday can be positive for the largest types of carriers, known as VLCCs, its effect is not yet clear, according to Anopp, the global head of shipping research at Oil Brokerage. He said: “The Iranian oil trade is firm, and control means to impose sanctions on banks, ports and companies that run shipping between ships and others.”