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Strait of Hormuz news and market signals

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VLCC Day Rates Surge to $647,000 Amid Strait of Hormuz Risks

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High 9/10Crude Oil VLCC

VLCC Day Rates Surge to $647,000 Amid Strait of Hormuz Risks

Supertanker day rates on the Saudi Arabia-to-China route have skyrocketed to a record $647,000 per day. This 27% jump in just ten days underscores the extreme volatility currently gripping energy logistics in the Persian Gulf.

August 28, 2026Published 2 hours ago