BUSINESSglobal
VLCC Market: How the Hormuz Crisis Is Impacting Rates, Newbuilds, S&P, and Asset Values
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Updated 2 hours ago
First seen March 18, 2026 07:00:38Stay on top of this story
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Quick Summary
Recent events in Iran and the Middle East have sent shockwaves through Tanker markets, with conditions rapidly shifting into uncharted territory. The Strait of Hormuz, through which around 20% of global oil exports pass, now sits at the centre of the crisis, with several commercial vessels including VLCCs idling as masters deem approach to the ...