Baltic Exchange data on Monday showed charter rates on a benchmark crude tanker route surpassed $1m/day for the first time after a conflict involving Iran reduced the number of vessels willing to transit the Strait of Hormuz to load cargo.

2026-09-15

Baltic Exchange data on Monday showed charter rates on a benchmark crude tanker route surpassed $1m/day for the first time after a conflict involving Iran reduced the number of vessels willing to transit the Strait of Hormuz to load cargo.