Tankers

A grey U.S. Navy MH-60 Sea Hawk helicopter seen from below, banking against a blue sky, with a crew member seated in the open cockpit door beside a mounted machine gun.

Oil Fell on Trump's Pledge of No Iran Strike, Then Closed Higher on a Hurricane. Tanker Attacks Are Running at a Wartime High.

Brent settled at $104.72 and West Texas Intermediate at $91.85 on Friday, both higher on the day and the week. Early losses on President Trump's remarks about Iran were erased as more Gulf of Mexico output shut ahead of Hurricane Isaias, while attacks on tankers hit a wartime high.

By Daniel Okafor 13 minutes ago

A US Navy guided-missile cruiser under way at sea.

The Long View

The Closure Emptied the Strait and Tripled What a Tanker Earns

Six transits a day where there were eighty-five. Meanwhile the day rate for a very large crude carrier has passed $200,000 on the Gulf-to-Asia run, up more than 440 percent in a year, and tanker owners are booking the best earnings since the last supercycle. The same event did both things.

By Cory Chamberlain September 4, 2026

Tankers

Tagged stories

Oil Fell on Trump's Pledge of No Iran Strike, Then Closed Higher on a Hurricane. Tanker Attacks Are Running at a Wartime High.

The Closure Emptied the Strait and Tripled What a Tanker Earns