{
  "id": 6775663,
  "title": "Supertanker Rates Hit $800,000 a Day as Gulf Tensions Escalate",
  "url": "https://urgent.news/2026/09/11/supertanker-rates-hit-800-000-a-day-as-gulf-tensions-escalate",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T16:00:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Energy/Energy-General/Supertanker-Rates-Hit-800000-a-Day-as-Gulf-Tensions-Escalate.html"
  },
  "original_language": "en",
  "account": "Supertanker rates on the Middle East-to-China shipping route have skyrocketed to $800,000 per day, according to the Baltic Exchange. This surge is attributed to the destruction of five Iranian-linked tankers by US forces, with Iran threatening further escalation. The freight costs indicate that crude oil and refined products are still reaching global markets but at a higher price. US Gulf-to-Asia shipments on very large crude carriers average $29.5 million per voyage, equivalent to $15 a barrel before additional war-risk charges or delays. Experts predict that two-year leasing rates may rise by 20% to 30%. Manu Sehgal, vice president of strategy and feedstock supply at Indian refiner HPCL-Mittal Energy, attributes the bottleneck to shipping issues rather than a lack of crude volume. Fleet transfers in the Gulf of Oman are helping maintain oil flow through the Hormuz chokepoint. Vitol's CEO estimates 10 million barrels a day transit the waterway, while Goldman analysts suggest around 15 million. The rise in Gulf of Oman-to-East Asia tanker rates has surged 85% since inception, now averaging nearly $386,000 daily. These high costs contribute to inflation pressures for central banks, potentially affecting gasoline, diesel, freight, and consumer goods prices.",
  "summary": "Supertanker rates on the Baltic Exchange's benchmark Middle East-to-China shipping route have surged to a staggering $800,000 a day. With US forces having destroyed five Iranian-linked tankers and Tehran threatening further escalation in recent days, prospects for near-term stabilization remain limited. The freight surge signals that crude oil and refined products continue to flow but are…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yahoo Finance",
        "title": "Supertanker Rates Hit $800,000 a Day as Gulf Tensions Escalate",
        "url": "https://urgent.news/2026/09/11/supertanker-rates-hit-800-000-a-day-as-gulf-tensions-escalate-6776956",
        "published": "2026-09-11T16:00:00.000Z"
      }
    ]
  },
  "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."
}