Story perspectives
Iran attacks push VLCC freight rates to record 450 Worldscale
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Story summary
- Iran’s attacks on shipping pushed VLCC freight rates to a record 450 Worldscale ($11.50 per barrel).
- U.S. forces sank five Iranian tankers before the IRGC struck ten ships near the Strait of Hormuz.
- Iran-aligned Houthi forces captured Perim Island at the Bab el-Mandeb Strait on Friday.
- Vortexa analyst Ioannis Papadimitriou said U.S.–Iran naval clashes are driving Gulf freight rates higher.
