Strong Buy NAT by Mar 17, 2026.

Everyone is betting on oil mooning. The real play might be the ships moving it. Tanker companies do not sell oil. They sell transport capacity. Right now the Strait of Hormuz is already a risk zone and that changes the shipping market. When a major oil route becomes dangerous but oil still needs to move, a few things happen. War risk insurance increases Some ships avoid the route Ships wait for escorts Voyages slow down or reroute All of that …