Surging Oil Tanker Rates Tipped to Go Even Higher on Iran Risk


With the US amassing forces in the Middle East and President Donald Trump saying Iran had 10 to 15 days at most to reach a deal over its nuclear program, they look likely to go higher still. A major assault could disrupt traffic in the vital Strait of Hormuz, raising the risk premium to charter ships, while a VLCC buying spree by South Korean shipper Sinokor Merchant Marine is also exacerbating the tightness in the market.



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