Strait of Hormuz disruption lifts VLCC costs for U.S.-to-Asia crude
Baltic Exchange data cited by TradeXchange show VLCC charter rates for carrying U.S. crude to Asia rising to $77 mln versus a 2025 average of $9.2 mln. On a 2.0m bbl cargo, this is estimated at about $38.5/bbl transport cost, as Iran-related hostilities disrupt Middle East export routes and shipping modes; flows have p