Question
VLCC rates on Middle East-to-Asia routes reach a record $1.2 million per day amid Hormuz disruption
Direct answer
Record freight costs increase delivered crude prices for Asian buyers, raise tanker-company earnings expectations and signal persistent logistical stress even as outright crude prices retreat on diplomacy headlines.
Cite as: Market Ontology, “VLCC rates on Middle East-to-Asia routes reach a record $1.2 million per day amid Hormuz disruption”, revision 1, evidence through 2026-09-23. https://marketontology.com/market-events/2026-09-23/vlcc-rates-on-middle-east-to-asia-routes-reach-a-record-1-2-million-per-day-amid-5a4f58
Record freight costs increase delivered crude prices for Asian buyers, raise tanker-company earnings expectations and signal persistent logistical stress even as outright crude prices retreat on diplomacy headlines.
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| FRO | Upagreed | 47.56 2026-09-23 | +0.86% | +3.60% | Pending |
| XLE | Mixed | 62.37 2026-09-23 | +0.37% | -1.39% | Pending |
Closing prices from stored daily bars; returns measured from the last close on or before the event date. Not a recommendation.
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