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The Iran War Has Turned VLCCs Into $650,000-A-Day Assets
The Iran War Has Turned VLCCs Into $650,000-A-Day Assets
Authored by Julianne Geiger via OilPrice.com,
More Gulf oil is moving again. Getting it out now costs a fortune.
Earnings on the benchmark Saudi Arabia-to-China supertanker route surged to a record $647,000 per day on Thursday, according to Baltic Exchange data cited by Bloomberg. That is more than ten times the rate a year ago-and nearly 27% above the $510,000 reached just ten days earlier.
The spike comes as Persian Gulf producers increase crude shipments through the Strait of Hormuz despite the continuing Iran...
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Aug 17, 2026 / Dave DeCamp
Ansar Allah Announces Attacks on Saudi Ship in Red Sea, Saudi-Backed Forces in Yemen’s Marib Province
Ansar Allah military spokesman Yahya Saree announced on Monday an attack on a Saudi ship in the Red Sea and strikes on Saudi-backed forces in Yemen’s Marib province, as the conflict in Yemen continues to escalate. Saree said that Yemeni forces struck what he called a “Saudi-led coalition landing ship” and four accompanying warships with […]
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Feb 28, 2026 / Tyler Durden
What A Taiwan Invasion Would Cost China
What A Taiwan Invasion Would Cost China
Authored by Antonio Graceffo via The Epoch Times (emphasis ours),
Shortly after meeting with Chinese Communist Party (CCP) leader Xi Jinping in late October, President Donald Trump said China would never attack Taiwan while he is president because Chinese officials “know the consequences.” While support from the United States is welcome news for Taiwan, Trump’s words raise a real question: Does Xi actually know the cost of invading Taiwan?
A U.S.-made F-16V fighter jet taxis on the runway at an airforce base during the annual...
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Mar 28, 2026 / Tyler Durden
Russia Warns Situation At Bushehr Nuclear Plant Deteriorating After 3rd Airstrike In Ten Days
Russia Warns Situation At Bushehr Nuclear Plant Deteriorating After 3rd Airstrike In Ten Days
On Friday Iran informed the International Atomic Energy Agency that Bushehr nuclear power plant was struck by US-Israeli attacks for the third time since the start of the war.
At the same time, the head of Russia's state nuclear corporation Rosatom has confirmed that the situation continues to deteriorate; however, there's as yet been no damage to the operating reactor and no release of radiation reported. It was the third strike in just ten days.
The Kremlin has newly accused...
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