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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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Apr 29, 2026 / Tyler Durden
Key Bridge Nightmare: Contractor Dropped After Costs Spiral
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Oct 3, 2026 / Tyler Durden
Quantum Isn't Coming For Your Bitcoin
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Apr 9, 2026 / Dave DeCamp
Trump’s Total 2027 National Security Spending Will Exceed $2.5 Trillion
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