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EventMaritime

Oil Tanker Rates Top $1 Million a Day as Hormuz War Squeezes Fleet

14 SEP 2026 · 1824Z

The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to collect cargoes.

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Indexed Sep 14, 18:24 UTC · gCaptain →

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