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

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.

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…