Question
Tanker freight rates for Persian Gulf to China cargoes reach a record $1.3 million a day as Hormuz attacks intensify
Direct answer
Record freight and insurance costs increase the delivered price of Gulf crude and directly pressure tanker operators and exposed refiners.
Cite as: Market Ontology, “Tanker freight rates for Persian Gulf to China cargoes reach a record $1.3 million a day as Hormuz attacks intensify”, revision 1, evidence through 2026-10-07. https://marketontology.com/market-events/2026-10-07/tanker-freight-rates-for-persian-gulf-to-china-cargoes-reach-a-record-1-3-millio-ee5492
Record freight and insurance costs increase the delivered price of Gulf crude and directly pressure tanker operators and exposed refiners.
| Asset | Call | Base close | +1 day | +5 days | +20 days |
|---|---|---|---|---|---|
| FRO | Upagreed | 53.06 2026-10-07 | +6.03% | +6.05% | 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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