Strait of Hormuz Tensions Drive 60% Surge in Tanker Rates
Time to read: 30 second
Writer: codarx
Tanker rates for the route via the Strait of Hormuz have doubled since Israel started bombing Iran last Friday, the Financial Times has reported, citing shipowners growing reluctance to sail through the chokepoint. The daily rate for a very large crude carrier chartered from the Gulf of China, for instance, has jumped from $19,998 last...
Publish Date:
2025/06/19
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