Supertanker rates hit record $1.4M/day on Hormuz oil crisis
A large tanker fleet is tied up in ship-to-ship transfers outside the Strait of Hormuz due to the oil crisis, pushing global freight rates to record highs and reducing vessel availability.
Original · OilPrice.com AI summary of public reporting
Why: Hormuz tanker disruptions → oil transport constraints
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At publication → CurrentBRENTOIL102.98 → 102.21−0.7%
CL91.36 → 91.19−0.2%