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VLCC orders surge to 217 in 2026 as US-Iran war reroutes oil

Verifying
  • Shipowners ordered 217 VLCCs in 2026, according to Signal Group data.
  • VLCC spot rates recently exceeded $500,000 per day, up from $132,000 in February.
  • The Strait of Hormuz has effectively closed since hostilities began.
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