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Gulf Oil Tankers Near $650,000 a Day as Iran War Disrupts Flows
Source: Bloomberg
Geopolitics & WarEnergy Markets & PricesTransportation & Logistics
Earnings for ships on the world’s benchmark oil tanker route neared $650,000 per day as the Iran war and a South Korean tycoon’s strategy disrupt how oil is transported globally. The setup is supportive for tanker earnings, but driven by geopolitical risk and reshuffled shipping demand, keeping the outlook uncertain.
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