Board jumps across the barrel; Baltic MGO up ~110, Hormuz and Red Sea attention persists

Published grades moved up nearly everywhere, led by MGO in the Baltic (Tallinn +111.50 to 1855.75, Liepaja +109.75, Riga +109) and Baltiysk +275.50 to 1809.75. The sharpest declines were Huelva MGO -130 to 1442.50 and Haldia MGO -100 to 1798. Brent 104.32, WTI 99.99, EUA 85.52 EUR/t, with EUA transfer timing a topic the market is watching.