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Supertanker Rates Hit Six-Year High: Here's What Driving It
Businesszerohedge6d ago

Supertanker Rates Hit Six-Year High: Here's What Driving It

Supertanker Rates Hit Six-Year High: Here's What Driving It Global very large crude carrier (VLCC) rates have jumped to six-year highs due to two recent catalysts: first, a growing war-risk premium tied to the possibility of a US-Iran conflict, and second, ongoing consolidation in fleet ownership that is tightening vessel availability. Let's begin by noting that war-risk insurance premiums are rapidly being priced into VLCC tanker rates. The Strait of Hormuz has once again c...

Wall Street's main indices moved downwards
Businessiefimeridanaftemporiki11h ago2 sources

Wall Street's main indices moved downwards

Wall Street had another highly nervous trading session today, as concerns about a prolonged US-Iran conflict unsettled markets, although statements from US President Donald...

Futures Tumble As Iran War Sends Oil, Gold And Dollar Sharply Higher
FinanceReutersbloombergwsj+8cnbcglobe-and-mailYahoochannel-news-asiayonhap-englishadvisor-perspectiveszerohedgemorocco-world-news1d ago11 sources

Futures Tumble As Iran War Sends Oil, Gold And Dollar Sharply Higher

Futures Tumble As Iran War Sends Oil, Gold And Dollar Sharply Higher US equity futures and global stocks tumbled, the dollar and gold rallied and oil soared as military strikes intensified across the Middle East, sending oil to its biggest surge in four years and stoking concern that faster inflation could weigh on the global economy. AS of 8:10am ET, S&P 500 futures are down more than 1% - but off overnight lows - after the cash index fell nearly 1% over the previous two tradin...