Global bunker indices (MABUX) experienced a dramatic surge in Week 10, primarily fueled by escalating geopolitical tensions in the Middle East, which exerted significant pressure on energy markets. According to Sergey Ivanov, Director at MABUX, the heightened conflict in the region has immediately impacted the global fuel complex, accelerating price volatility. The 380 HSFO index saw a substantial jump of US$ 112.58, climbing from US$ 452.64/MT to US$ 565.22/MT, decisively surpassing the US$ 500.00 mark. The VLSFO index also recorded a significant increase of US$ 108.59, moving from US$ 548.34/MT to US$ 656.93/MT. The most notable price escalation was in the MGO LS segment, with the index soaring by US$ 205.02, from US$ 815.19/MT to US$ 1,020.21/MT. This signifies the first time the MGO LS index has breached the US$ 1,000.00 level since October 16, 2023. However, as of this report, the global bunker market has begun to exhibit signs of a corrective downward trend following the rapid ascent. Sergey Ivanov noted that such sharp rallies are typically followed by short-term corrections as markets recalibrate geopolitical risks and supply expectations. The MABUX Global Scrubber Spread (SS), representing the price difference between 380 HSFO and VLSFO, slightly contracted by US$ 3.99, decreasing from US$ 97.70 last week to US$ 91.71. Despite this decrease, the spread remains close to the crucial US$ 100.00 breakeven point for scrubber economics.