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 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

Indian Oil got no bids for three tankers to fetch Gulf crude and LPG as shipowners stay wary of sailing back into the Strait of Hormuz.

Shipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far below pre-war levels. Indian refiners,…

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...

A supertanker has been provisionally booked to ship oil from the Persian Gulf to India at a staggering rate, nearly nine times the benchmark freight cost. This eye-watering price…

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…