Cargo ships

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

gCaptain23 October 2026, 18:22 UTCUnited States of America

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.

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