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Oil Shipping Costs Reach Dizzying New Highs on Hormuz Snarls

Baltic Exchange data show the cost adds about $38.50 a barrel on a 2 million-barrel cargo, forcing some sellers to discount exports.

Summary by Transport Topics
It now costs $77 million to hire a very large crude carrier to move U.S. oil to Asia. The average in 2025 was $9.2 million.

6 Articles

CNBCCNBC
Lean Left

Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level

Shipping costs have exploded as the war in the Persian Gulf has led to a shortage of available tankers.

·Englewood Cliffs, United States
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BloombergBloomberg
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Transport TopicsTransport Topics
Center

Oil Shipping Costs Reach Dizzying New Highs on Hormuz Snarls

·New York, United States
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Anadolu AjansıAnadolu Ajansı
Lean Right

Tanker attacks continue in Hormuz as Gulf shipping rates remain elevated

UK maritime agency reports projectile strikes, IRGC threat to tanker; Baltic Exchange puts Gulf–China tanker earnings above $1.2M daily

·Ankara, Türkiye
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TokenPostTokenPost

Tanker Shortage Shifts Iran War Energy Crisis Toward Shipping Bottleneck

Rising tanker rates are making crude and fuel deliveries more expensive, while North Sea oil reaches $145 a barrel as refiners seek accessible cargoes.

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sawaleif.comsawaleif.com

The Cost of Shipping Gulf Oil to China Jumps Five Times as Much because of the Hormuz Troubles.

Sawalev's transportation costs for crude oil from the Arabian Gulf to China have increased 5 times as a result of the situation in the Strait of Hormuz, threatening to weaken the competitiveness of the Gulf's oil flow in the Asian market, and increasing pressure on vendors to cut prices. According to information gathered by Anatolia from the company Paltech Xing, which specializes in shipping data, crude oil on board... this content has increase…

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Anadolu Ajansı broke the news in Ankara, Türkiye on Tuesday, October 6, 2026.
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