Hormuz crisis sends Persian Gulf-to-China supertanker rates above $1 million a day

Supertanker rates on the Persian Gulf-to-China route have surged to $1.035 million per day, nearly five times pre-war levels, as traffic through the Strait of Hormuz collapses; only 17 commodity vessels crossed over the weekend. Tanker rates have blown through post-pandemic highs.

Detected & updated continuously · Source: Nebula