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Friday, October 23, 2026Updated 23:59 UTC

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Record Tanker Rates Threaten to Push U.S. Oil Exports to Asia to Seven-Year Low

Source: gCaptain (shipping) · Oct 23, 2026 18:22 UTC

An oil tanker ship in the Houston Ship Channel — File photo roger4336 / Flickr · CC BY-SA 2.0 · Source

The Quick Take

US crude oil exports to Asia are set to hit multi-year lows after the Iran war disrupted global shipping and pushed the cost to lease a tanker for the Pacific journey to a record of almost $80 million.

Read the full story at gCaptain (shipping)

Ground Level News gathers headlines from public news feeds. This page shows a short summary only; the full article and all rights belong to gCaptain (shipping).