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 hope these can transit the tentatively reopening Strait of Hormuz

Iran moved 6 million barrels of crude through the Strait of Hormuz on Monday, the most in a single day since the war began.

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.

A growing number of oil tankers have been broadcasting their position and intention to pass through the Strait of Hormuz in recent hours, in a sign that a tentative recovery of…

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 US and Iran have flagged early progress in discussions to end the war. Read more at straitstimes.com. Read more at straitstimes.com.

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…

"Iran will not have the ability to close the Strait of Hormuz going forward."