Wall St Engine(@wallstengine):Persian Gulf oil producers are paying up to $40M for tanker "shuttle runs" through Hormuz, WSJ reports. Some sailors are being offered up to $25K per trip. VLCC charter rates from the Gulf to China recently topped $1.2M a day, up from about $231K before the war.

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Wall St Engine@wallstengine

2026.10.05 11:11

Persian Gulf oil producers are paying up to $40M for tanker "shuttle runs" through Hormuz, WSJ reports. Some sailors are being offered up to $25K per trip. VLCC charter rates from the Gulf to China recently topped $1.2M a day, up from about $231K before the war.