Tanker Fleet Crunch Forecasts Strong Rates Through Early 2026 ...Middle East

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Tanker Fleet Crunch Forecasts Strong Rates Through Early 2026
source : OILPRICE ( Middle East ) () 43
Oil tanker rates are set to stay elevated in early 2026 as crude supply is rising while the number of available vessels is shrinking due to the U.S. sanctions on Russia, Venezuela, and Iran, officials and analysts in the shipping industry tell Reuters. The daily rates for chartering a vessel to transport commodities have surged this year, with oil tanker rates skyrocketing by 467%, as shippers of a growing commodity supply are grappling with a series of route disruptions and sanctions.    Despite the typically weaker commodity…

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