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VLCC rates face downward pressure as tankers flee Gulf crisis

freight_commodity_indices UTC: 2026-03-18 22:00:59

The disruption to crude oil flows from the Persian Gulf is weighing on tanker freight rates, after an initial spike, as vessels reposition away from the Middle East and threaten to create an oversupply of ships chasing cargoes in the Atlantic Basin. Crude loadings around the P...

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