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Tanker Rates Nearly Halve As Hormuz Shipping Normalizes
Tanker Rates Nearly Halve As Hormuz Shipping Normalizes
The recent spike in the cost to hire a supertanker carrying 2 million barrels of crude from Saudi Arabia to China is now being sharply reversed, as more shippers send vessels through the Strait of Hormuz and normalization trends continue to improve.
Bloomberg reports that tanker rates for the Saudi Arabia-to-China route tumbled to about $287K on Friday, down 44% from more than $514K on Tuesday. That data came from the Baltic Exchange.
Rates remain elevated and still highly profitable for owners, but...
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Apr 30, 2026 / Tyler Durden
Watch: Migrants Are Literally Clambering Up Embassy Walls In Spain
Watch: Migrants Are Literally Clambering Up Embassy Walls In Spain
Authored by Steve Watson via Modernity.news,
Spain is sliding deeper into migrant-fueled disorder. Crowds of illegals have now stormed the Gambian embassy in Madrid, climbing over each other, scaling walls and fences to grab paperwork after socialist Prime Minister Pedro Sánchez’s government opened the floodgates with legal status for half a million of them.
Registry offices across the country are overwhelmed, social services are on the brink, and the chaos is exactly what critics warned would happen.
This latest outbreak comes just days after the regularization process...
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Apr 2, 2026 / Tyler Durden
"Make A Deal Before It's Too Late": Trump Threatens Tehran (Again) As Iran/Oman Draft Protocol To Re-Open Hormuz
"Make A Deal Before It's Too Late": Trump Threatens Tehran (Again) As Iran/Oman Draft Protocol To Re-Open Hormuz
Summary
World's most important oil price hits record high as Trump threatens Iran: "make a deal before it's too late"
Oil drops on reports of Iran-Oman coordination to reopen strait. Iran issues Israel/Gulf logistics hubs target list; IRGC targets Amazon Cloud computing center in Bahrain
US intelligence assessments say Iran is not ready to negotiate given it believes it has the strategic upper-hand, and doesn't believe Trump is 'serious' about talks: NYT
Highest bridge in Iran, connecting Tehran...
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Mar 4, 2026 / Jason Ditz
Eleven Killed as Israel Pounds Christian-Majority Area of Beirut
At least 11 more people have been killed today as Israel continues its airstrikes against Lebanon, with substantial focuses of the strikes being residential areas and a hotel in the Christian-majority part of the capital city of Beirut. The Comfort Hotel, in between Hamzieh and Baabda, was directly across the street from the Sacre Coeur […]
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