The aftermath of the Trump–Putin meeting has intensified global trade uncertainty, as Russian offensives disrupt oil flows and tariffs muddle maritime sentiment. U.S. oil reserves dropped by 3 million barrels, briefly boosting prices and dry bulk indices. Yet, sluggish ship recycling and new regulatory constraints have left Indian, Pakistani, and Bangladeshi waterfronts subdued. Market participants remain watchful, questioning whether there is any real method to the current madness in maritime markets.