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Strait of Hormuz Tanker Charters Hit $1.035 Million Daily

By Drooid · Sep 19, 2026, 2:30 PM UTC · How we work

Summary

Story summary

Shipowners worldwide, including U.S. firms, commissioned $20 billion of tankers as charter rates topped $1 million daily.
Daily charter fees for vessels crossing the Strait of Hormuz rose to $1.035 million from $208,000.
Insurance premiums on high-risk tankers increased to about 10% of cargo value, up from 0.5-1%.
Clarksons reported a 55% year-over-year profit rise, attributing gains to heightened Iran-war demand.

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Story summary

Shipowners worldwide, including U.S. firms, commissioned $20 billion of tankers as charter rates topped $1 million daily.
Daily charter fees for vessels crossing the Strait of Hormuz rose to $1.035 million from $208,000.
Insurance premiums on high-risk tankers increased to about 10% of cargo value, up from 0.5-1%.
Clarksons reported a 55% year-over-year profit rise, attributing gains to heightened Iran-war demand.