Iran War Has Ended, But VLCC Tanker Rates Stay Near $650,000 a Day
Tanker rates hit record highs even as oil resumes flowing through Hormuz. Here is what the shipping crunch reveals about whether the Iran war has truly ended.
Edward Byrd4 min read
oil tankers
Edward Byrd4 min read
Six Saudi Arabia Oil Tankers Reroute Around Africa to Avoid Houthi Attacks
Six Saudi Arabia oil tankers have abandoned the Red Sea route entirely, sailing around Africa instead, as Houthi threats reshape Middle East crude shipping and pressure oil markets.
James Stephens3 min read
Middle East Oil Pipeline Map Explains Supertanker Price Surge
Oil tanker prices just hit an all time high as Gulf producers race to buy their own ships, wary of the Strait of Hormuz. Here's what it means for crude…
Jake Fox3 min read