Energy · 1 views

Middle East crude oil tanker rates reached a multi-decade high in March

In March 2026, tanker rates for Very Large Crude Carriers (VLCCs) leaving the Middle East to Asia were the highest since at least Novembe…

Source eia.gov AI Summary Updated March 26, 2026

Story intelligence Beta

Freshness Stale Updated March 26, 2026

Confidence Limited Single-outlet story

Coverage Single outlet

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Read time 1 min ~44 words

AI Summary

In March 2026, tanker rates for Very Large Crude Carriers (VLCCs) leaving the Middle East to Asia were the highest since at least November 2005, when data were first recorded. The price increase followed Iran's closure of the Strait of Hormuz on March 2.

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