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Chung Ga-Hyun

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Strait of Hormuz maritime security and VLCC rate crisis

6 clusters · 12 sources · last updated about 6 hours ago

Latest: Oil tanker shortage drives up global shipping costs

A crisis in the Strait of Hormuz has significantly disrupted global crude oil shipping, particularly affecting Very Large Crude Carrier (VLCC) traffic. In the second quarter of 2026, Middle East VLCC liftings fell by 40%