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Source:
الاقتصادية
Daily $500,000 Freight for Gulf-China Oil Tankers
The revenues of the giant oil tankers transporting crude from the Arabian Gulf to Asia have experienced a significant increase, reaching approximately $510,000 per day — the highest level since late June — despite security risks and ongoing tensions in the Strait of Hormuz. This comes as Gulf exporters are seeking to secure more vessels to deliver the contracted amounts of crude to buyers in Asia, amid rising demand for oil shipments through the strait, which has seen increasing attacks on ships, and in the absence of a final agreement to de-escalate tensions between Iran and the United States. Oil shipping operations are also becoming more challenging due to higher financial returns, coupled with security restrictions, war-related challenges, and the risks associated with regional tensions.
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