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Wartime Regime

Internationals strengthen on renewed US-Iran hostilities; BLPG freight rates surge; Aug'26 CP rises by $100/mt
Published: July 15, 2026
Written by:
Vincent Wu

Vincent Wu

Research Associate, Flux
Vincent Wu
17 page report
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In the propane market, internationals saw a strong performance on the back of renewed hostilities between the US and Iran. Freight levels have surged, with the M1 BLPG1 reaching $220/mt, while the M2 contract rose by 105% over two weeks to reach $170/mt.

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Written by

Vincent Wu

Research Associate, Flux
Vincent Wu

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