According to Reuters, the cost of hiring a tanker in the Gulf has nearly doubled in just a week, jumping from around $106,000 per day to more than $190,000 per day.

The Hormuz blockade exposed the vulnerability of Gulf energy exports, prompting major producers to accelerate pipeline projects that bypass the strait and reduce future disruption…

Hormuz Reopening Shifts Focus to Gulf Oil Storage and Shipping

Oil tanker traffic through the Strait of Hormuz saw an uptick on Monday, with four vessels carrying nearly 2 million barrels of crude navigating the crucial waterway. This follows…

Two crude tankers with just under 2 million barrels of oil sailed through the Strait of Hormuz on Monday, ship tracking data showed, in a sign that traffic

At least 36 commodity carriers transited the Strait of Hormuz on Monday, a record level since the start of the Middle East war in late February, according

According to Reuters, the cost of hiring a tanker in the Gulf has nearly doubled in just a week, jumping from around $106,000 per day to more than $190,000 per day.

LONDON: Oil tanker operators are reaping record profits after nearly doubling the hire cost of vessels going through...

The Strait of Hormuz may be reopening, but don't tell tanker owners the crisis is over. They're making too much money.

Gulf tanker rates have nearly doubled in a week as shippers race to secure vessels betting on a tentative Strait of Hormuz reopening.

The jump in oil exports comes as the threat level for ships crossing Hormuz has been downgraded to "moderate."

Oil tanker rates have soared since the US and Iran announced the memorandum of understanding as oil importers scramble to charter vessels to pick up Persian Gulf cargoes in the…