Oil tanker rates exceed $1 million amid Iran conflict
pre-market1 source ↓written by the desknot a recommendation
- tanker rates past
- $1 million per day
- for transport
- $1.035 million
- prices rise above
- $100 a barrel
The ongoing Iran war has pushed oil tanker rates past $1 million per day, with large crude carriers now costing $1.035 million for transport from the Persian Gulf to China. This surge is attributed to increased risks and decreased commercial traffic through the Strait of Hormuz. As crude prices rise above $100 a barrel, the urgency to move oil intensifies.
Not investment advice. For informational purposes only.