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Oil Tanker Rates Soar Amid Shipping Shortages and Middle East Tensions
Market Intelligence Analysis
AI-Powered
Why This Matters
Oil tanker rates have surged to their highest level since November due to shipping shortages and Middle East tensions, with the daily rate for a Middle East-to-China route reaching $129,000.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Oil tanker rates on the key Middle East-to-China route surged this week to the highest level since November as vessel supply is tightening and persistent tensions around Iran put shippers on alert. The daily rate for an oil tanker to ship crude from the Middle East to China jumped to as high as $129,000 on Monday, up by 5.1% on the day, to the highest level since November 2025, per data from the Baltic Exchange cited by Bloomberg. Rates had already soared by over 60% in a single day on Friday amid the U.S.-Iran tensions, which sent Brent…
Original article published by
OilPrice.com
on February 3, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.