Oil tanker earnings drop $200,000 as more ships enter the Strait of Hormuz. Traffic returns to normal by end of June at 7.5% YES.

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.

Global benchmark trades at lowest level since Iran conflict began on February 28

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."

BEIJING, June 25 : Oil prices extended their decline on Thursday, edging closer to pre-war levels as stranded tankers exited the Strait of Hormuz following an initial accord to…

Oil prices fell as investors bet global crude supplies will improve, as tankers stranded in the Persian Gulf for months have begun leaving the Strait of Hormuz.

Crude shipments through the Strait of Hormuz have surged following a ceasefire deal, reaching their highest levels since the conflict began. While demand, particularly in Asia, is…

Shipping through the Strait of Hormuz may normalize before August 1. Normal traffic by June priced at 98% YES.

Strait of Hormuz traffic has increased sharply, but remains at roughly half its peacetime level, officials said on Thursday as stranded sailors made their way out of the waterway.…

Crude oil prices fell sharply for the week as signs of recovering tanker traffic through the Strait of Hormuz outweighed fresh security concerns, although analysts caution that…

The Strait of Hormuz has seen more traffic in the last week than it has in the past three months. But that could slow down as a critical evacuation plan is put on hold.

Analysts say return to normal supply levels will take more time due to tanker queues and safety guarantees

Tanker traffic through the Strait of Hormuz is picking up, but shipowners remain wary after a Thursday attack near the chokepoint.

Strait of Hormuz traffic saw a dip Friday after a Taiwanese ship was attacked, prompting a pause in evacuation efforts. Despite this, several tankers entered the Gulf to load oil,…

Oil prices tumbled as markets bet Strait of Hormuz disruptions will ease, with Brent down 10% on the week and Middle East crude benchmarks slipping into contango.

Oil tanker earnings drop $200,000 as more ships enter the Strait of Hormuz. Traffic returns to normal by end of June at 7.5% YES.

"Crude remains under significant pressure..."