{
  "id": 6776956,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T16:00:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/energy/articles/supertanker-rates-hit-800-000-160000148.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 US forces dismantling five Iranian-linked tankers and Iran's threat of further escalation. Although crude oil and refined products are still flowing, the escalating costs of transporting them out of the Gulf region to global markets are a cause for concern. US Gulf-to-Asia shipments on very large crude carriers typically average around $29.5 million per voyage, which translates to $15 per barrel before additional war-risk charges or unexpected delays. Experts predict that two-year leasing rates could increase by 20% to 30%. Manu Sehgal, vice president of strategy and feedstock supply at Indian refiner HPCL-Mittal Energy, emphasized that while there is sufficient crude volume, the main obstacle is the shipping process. Tankers are conducting ship-to-ship transfers in the Gulf of Oman, aiding the flow of barrels through the Hormuz chokepoint. Vitol's CEO estimated that around 10 million barrels a day are crossing the waterway, while Goldman analysts estimate a figure of approximately 15 million barrels. The Baltic Exchange's new Gulf of Oman-to-East Asia benchmark has climbed 85% since its introduction, reaching nearly $386,000 a day. This growing surge in tanker rates is adding another layer of inflation pressure for global central banks, potentially affecting gasoline, diesel, freight, and ultimately consumer goods.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "OilPrice",
        "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",
        "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."
}