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Oil Tankers Earn $1 Million a Day as War Leaves Ship Shortage

The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to collect cargoes.

https://www.energyconnects.com/news/oil/2026/september/oil-tankers-earn-1-million-a-day-as-war-leaves-ship-shortage/
Energy Connects Oil Tankers Earn $1 Million a Day as War Leaves Ship Shortage The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships
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