Mideast Chaos Sends Supertanker Rates Soaring To $800,000 A Day
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Source: Zero Hedge
Published: 2026-09-11 16:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Asia, Iran, Energy, China, Asia Pacific
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Snippet:
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.
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