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Supertanker Rates Hit Six-Year High: Here's What Driving It

Supertanker Rates Hit Six-Year High: Here's What Driving It Global very large crude carrier (VLCC) rates have jumped to six-year highs due to two recent catalysts: first, a growing war-risk premium tied to the possibility of a US-Iran conflict, and second, ongoing consolidation in fleet ownership that is tightening vessel availability. Let's begin by noting that war-risk insurance premiums are rapidly being priced into VLCC tanker rates. The Strait of Hormuz has once again come into focus as the world's most important energy chokepoint, where any flare-up in a US-Iran...
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May 11, 2026 / Charles Burris
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Americans Will Foot The Bill For Germany's New Drug Price Controls
Americans Will Foot The Bill For Germany's New Drug Price Controls Authored by Drew Johnson via PJMedia.com, Germany just found a new way to lower its own healthcare costs: make Americans pay more. In late April, German policymakers proposed changes that cap spending growth, restrict care, and force drugmakers to provide steep discounts. These changes are supposed to save Germany money. But drugmakers still need to recoup the high costs of research and development. When a country like Germany suppresses the prices it pays for innovative medicines, those costs don't disappear — they simply shift...
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