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BusinessMONTEVERDE & ASSOCIATES PC HAS FILED A CLASS ACTION LAWSUIT ON BEHALF OF FORMER SHAREHOLDERS OF THE ODP CORPORATION IN THE SOUTHERN DISTRICT OF FLORIDA LocalJustice Kagan warns Supreme Court rulings are fueling polarization and undermining democracy TechGood type against all odds MarketsAustralian data center operator NextDC's shares plunge 40% after it slashes earnings forecast ScienceControlled vapor treatment guides molecules into highly oriented soft quasicrystals MarketsMastercard Black Card Review – $300 in Credits Can Cut the $699 Fee to $399 MarketsMastercard Gold Card Review – The $1,199 Fee Buys Prestige More Than Rewards MarketsMastercard Titanium Card Review – $299 Buys Lounge Access, Not Better Rewards MarketsJetBlue Plus Card Review – Worth It If You Check Bags on JetBlue MarketsUnited Quest Card Review – Worth the $350 Fee If You Fly United Often LocalUS high court rulings have been 'destructive to democracy,' Justice Kagan says LocalKagan diagnoses American democracy with a Supreme Court problem WorldBritish Media: "Iran and Russia Suspected of Interfering in French Unrest Through Propaganda"BusinessTrustee Robert Young L sells $17.6m in Nuveen Municipal Credit Income Fund MarketsProject Eleven and Relm Explore Quantum Risks in Crypto Insurance BusinessDollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA MarketsAustralian AI data centre operator NextDC shares shed 44% on revenue delay MarketsRefinancing Student Loans With a Co-Signer: What to Know LocalClark County to hire more crossing guards with $715K contract boost LocalWhitmer, Warren rally Nevada democrats BusinessGold falls near $4,110 as Iran peace hopes fade, Fed rate outlook clouds demand MarketsHormuz Strait may lose oil trade dominance in 5 years –HSBC CEO MarketsIntuitive narrows 2026 procedure growth outlook to 14%-15% amid I&A pricing actions targeting 3%-5% per-procedure reduction WorldFrance is divided over who to blame for and what to learn from weekend riots BusinessEarnings call transcript: Kantra Copper posts record Q3 2026 output, cash flowTRENDING TICKERS: $NTCT $NET $III $CALX $VG $LSCC $RMNI $GIL $ASTS $YSS $DOCS $LINC $BBNX $INV $LUMN $MRP $TBLA $QBTS $IQV $VEEV $DKS $PZZA $HONA $APP $BIDU $BR $AWK $FTK $JELD $UNCYBusinessMONTEVERDE & ASSOCIATES PC HAS FILED A CLASS ACTION LAWSUIT ON BEHALF OF FORMER SHAREHOLDERS OF THE ODP CORPORATION IN THE SOUTHERN DISTRICT OF FLORIDA LocalJustice Kagan warns Supreme Court rulings are fueling polarization and undermining democracy TechGood type against all odds MarketsAustralian data center operator NextDC's shares plunge 40% after it slashes earnings forecast ScienceControlled vapor treatment guides molecules into highly oriented soft quasicrystals MarketsMastercard Black Card Review – $300 in Credits Can Cut the $699 Fee to $399 MarketsMastercard Gold Card Review – The $1,199 Fee Buys Prestige More Than Rewards MarketsMastercard Titanium Card Review – $299 Buys Lounge Access, Not Better Rewards MarketsJetBlue Plus Card Review – Worth It If You Check Bags on JetBlue MarketsUnited Quest Card Review – Worth the $350 Fee If You Fly United Often LocalUS high court rulings have been 'destructive to democracy,' Justice Kagan says LocalKagan diagnoses American democracy with a Supreme Court problem WorldBritish Media: "Iran and Russia Suspected of Interfering in French Unrest Through Propaganda"BusinessTrustee Robert Young L sells $17.6m in Nuveen Municipal Credit Income Fund MarketsProject Eleven and Relm Explore Quantum Risks in Crypto Insurance BusinessDollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA MarketsAustralian AI data centre operator NextDC shares shed 44% on revenue delay MarketsRefinancing Student Loans With a Co-Signer: What to Know LocalClark County to hire more crossing guards with $715K contract boost LocalWhitmer, Warren rally Nevada democrats BusinessGold falls near $4,110 as Iran peace hopes fade, Fed rate outlook clouds demand MarketsHormuz Strait may lose oil trade dominance in 5 years –HSBC CEO MarketsIntuitive narrows 2026 procedure growth outlook to 14%-15% amid I&A pricing actions targeting 3%-5% per-procedure reduction WorldFrance is divided over who to blame for and what to learn from weekend riots BusinessEarnings call transcript: Kantra Copper posts record Q3 2026 output, cash flowTRENDING TICKERS: $NTCT $NET $III $CALX $VG $LSCC $RMNI $GIL $ASTS $YSS $DOCS $LINC $BBNX $INV $LUMN $MRP $TBLA $QBTS $IQV $VEEV $DKS $PZZA $HONA $APP $BIDU $BR $AWK $FTK $JELD $UNCY

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Wednesday, October 21, 2026Updated 01:59 UTC

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Petrobras' Deepwater Push Sets Off a Race for Offshore Vessels

Source: OilPrice.com · Oct 20, 2026 23:30 UTC

Aerial view of a rail freight yard in Cincinnati with rows of freight cars — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Recently, we reported that the Middle East conflict and subsequent closure of the Strait of Hormuz has triggered an unprecedented spike in freight and shipping rates, with Very Large Crude Carrier (VLCC) spot rates now exceeding $1 million per day. The sharp spike is now reshaping oil flows and forcing producers to cut prices in a bid to help buyers offset extra transport costs. The situation is a

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