High Tanker Rates Disrupt Persian Gulf Oil Shipments to Asia

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Prediction lifecycle

• Free Analysis Rule Based Analysis not AI OIL Neutral 50% 6h
  Generated → 6h → Excluded

  Expired: not evaluated within 7 days of its 6h timeframe elapsing

Logged at publication, scored automatically once the window closes — never edited.

Original source

The biggest state-owned refiners in China and India have failed to procure supertankers to load crude from the Persian Gulf later in June as tanker rates are too high and guarantees on safe passage through the Strait of Hormuz lacking, Reuters reported on Thursday, quoting company and shipping sources. In the past few days, energy giant PetroChina has received six offers in a tender to procure a very large crude carrier (VLCC) to load Basrah crude from Iraq. PetroChina did not like any of the offers as freight prices were triple compared…

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Original article published by OilPrice.com on June 18, 2026. Analysis and insights provided by AnalystMarkets AI.

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