A bold bet by a S. Korean shipping heir on ultra-large oil tankers is paying off handsomely as the war involving Iran and ...
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World’s biggest oil tankers just got a lot more expensive as buyers shift away from Russian crude
The global oil shipping market is undergoing a dramatic shift, with the cost of hiring the world’s largest crude tankers soaring to levels not seen in more than five years. The spike is being driven ...
Oil prices have surged dramatically in early 2026, driven by the escalating Iran conflict and fears of Strait of Hormuz ...
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Iran War Pushes Middle East Oil Tanker Rates to All-Time High
The war in the Middle East has propelled oil and LNG tanker freight rates to record highs, disrupting traffic in the vital ...
Tanker traffic through the strait remains at a standstill as ship owners fear attacks by Iran. The closure has triggered the ...
Greece, home to the world's largest oil tanker fleet, told the nation's vessel owners to do what they can to stay away from Iran's coast. Image by Andrei Barmashov via iStock Greece, home to the world ...
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