{
  "id": 2011521,
  "title": "Oil supertankers in Gulf are renting for $500,000 per day: Report",
  "url": "https://urgent.news/2026/08/19/oil-supertankers-in-gulf-are-renting-for-500-000-per-day-report",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-19T20:45:10.000Z",
  "source": {
    "name": "Middle East Eye",
    "slug": "middle-east-eye",
    "url": "https://www.middleeasteye.net/news/oil-supertankers-gulf-renting-500000-day-report"
  },
  "original_language": "en",
  "account": "Oil supertankers in the Gulf are being rented for a staggering $500,000 per day, according to a recent report. This surge in rental rates is a sign of high demand for vessels to navigate the Strait of Hormuz as fighting rages in the region. With alternative routes causing a shortage of shipping supply, some shipowners are willing to take the risk to profit from the situation. The Breakwave Tanker Shipping ETF, a fund that bets on crude oil freight rates, has surged more than 2,000 percent since the beginning of the year. This increase is attributed to the ongoing conflict in the Middle East, with investors betting on the continued openness of the Strait of Hormuz. The UAE has been exporting millions of barrels of oil to Asian customers despite the ongoing hostilities.",
  "summary": "Oil supertankers in Gulf are renting for $500,000 per day: Report Submitted by MEE staff on Wed, 08/19/2026 - 21:10 A fund that allows investors to bet on crude oil freight rates has surged more than 2,000 percent since the start of year In this picture, obtained from Iran's ISNA news agency and taken on 2 May 2026, the Gambia-flagged tanker Bili is anchored in the Strait of Hormuz off Bandar…",
  "key_points": [
    "Oil supertankers rent for $500,000 daily in Gulf.",
    "Conflict in region drives high demand for vessels.",
    "Breakwave Tanker Shipping ETF surges 2,000% since year start."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}