VLCC Tanker Rates Blow Past One Million Dollars a Day as Iran War Grinds On
Published . Updated .
VLCC tanker rates from the Middle East to China have topped $1 million a day amid Iran's Hormuz attacks, even as Brent crude holds near $92 a barrel.
Directly affected
- No company is named in this report.
Indirectly affected
- FRO Frontline+1.5%
Tanker operators earn more when freight rates spike
- INSW International Seaways
Tanker operators earn more when freight rates spike
- DHT DHT Holdings
Tanker operators earn more when freight rates spike
- TNK Teekay Tankers
Tanker operators earn more when freight rates spike
- USO United States Oil Fund+0.9%
Tracks U.S. crude prices when Gulf supply is at risk
- XLE Energy Select Sector SPDR+4.9%
Energy companies move with a Gulf supply scare
- LMT Lockheed Martin+4.2%
Defense contractors get more work when conflict spending rises
- XOM Exxon Mobil+7.9%
Oil producers earn more when crude prices rise
- RTX RTX
Defense contractors get more work when conflict spending rises
- DAL Delta Air Lines-0.7%
Airlines pay more for fuel when oil prices jump
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| FRO | +12.86% | +7.22% | base | -3.34% | -4.11% | -2.21% | -2.33% |
| INSW | +13.04% | +7.93% | base | -4.70% | -4.78% | +1.26% | -1.34% |
| DHT | +11.23% | +5.77% | base | -2.33% | -0.97% | +2.37% | +2.33% |
| TNK | +12.01% | +5.10% | base | -2.19% | -2.34% | -0.99% | -1.69% |
| USO | -6.60% | -5.02% | base | -0.56% | -0.66% | -1.24% | +0.46% |
| XLE | -3.23% | -0.90% | base | -0.64% | -0.41% | -0.12% | -0.96% |
| LMT | -7.26% | -5.46% | base | -0.70% | -0.63% | -0.05% | +6.87% |
| XOM | -3.82% | -1.14% | base | -0.44% | -0.63% | -0.52% | -0.46% |
| RTX | -3.75% | -3.88% | base | -0.96% | -0.32% | -1.20% | +0.34% |
| DAL | +6.29% | +1.71% | base | -0.98% | +1.75% | +3.06% | +5.16% |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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VLCC Tanker Rates Blow Past One Million Dollars a Day as Iran War Grinds On Startup Fortune
Source: Startup Fortune
Middle East
| Company | When | Move | Status |
|---|---|---|---|
| DAL | that day | -0.98% | final price |
| DAL | the next day | +1.75% | final price |
| DAL | two days later | +3.06% | final price |
| DAL | three days later | +5.16% | final price |
| DAL | three days earlier | +1.71% | final price |
| DAL | five days earlier | +6.29% | final price |
| DHT | that day | -2.33% | final price |
| DHT | the next day | -0.97% | final price |
| DHT | two days later | +2.37% | final price |
| DHT | three days later | +2.33% | final price |
| DHT | three days earlier | +5.77% | final price |
| DHT | five days earlier | +11.23% | final price |
| FRO | that day | -3.34% | final price |
| FRO | the next day | -4.11% | final price |
| FRO | two days later | -2.21% | final price |
| FRO | three days later | -2.33% | final price |
| FRO | three days earlier | +7.22% | final price |
| FRO | five days earlier | +12.86% | final price |
| INSW | that day | -4.70% | final price |
| INSW | the next day | -4.78% | final price |
| INSW | two days later | +1.26% | final price |
| INSW | three days later | -1.34% | final price |
| INSW | three days earlier | +7.93% | final price |
| INSW | five days earlier | +13.04% | final price |
| LMT | that day | -0.70% | final price |
| LMT | the next day | -0.63% | final price |
| LMT | two days later | -0.05% | final price |
| LMT | three days later | +6.87% | final price |
| LMT | three days earlier | -5.46% | final price |
| LMT | five days earlier | -7.26% | final price |
| RTX | that day | -0.96% | final price |
| RTX | the next day | -0.32% | final price |
| RTX | two days later | -1.20% | final price |
| RTX | three days later | +0.34% | final price |
| RTX | three days earlier | -3.88% | final price |
| RTX | five days earlier | -3.75% | final price |
| TNK | that day | -2.19% | final price |
| TNK | the next day | -2.34% | final price |
| TNK | two days later | -0.99% | final price |
| TNK | three days later | -1.69% | final price |
| TNK | three days earlier | +5.10% | final price |
| TNK | five days earlier | +12.01% | final price |
| USO | that day | -0.56% | final price |
| USO | the next day | -0.66% | final price |
| USO | two days later | -1.24% | final price |
| USO | three days later | +0.46% | final price |
| USO | three days earlier | -5.02% | final price |
| USO | five days earlier | -6.60% | final price |
| XLE | that day | -0.64% | final price |
| XLE | the next day | -0.41% | final price |
| XLE | two days later | -0.12% | final price |
| XLE | three days later | -0.96% | final price |
| XLE | three days earlier | -0.90% | final price |
| XLE | five days earlier | -3.23% | final price |
| XOM | that day | -0.44% | final price |
| XOM | the next day | -0.63% | final price |
| XOM | two days later | -0.52% | final price |
| XOM | three days later | -0.46% | final price |
| XOM | three days earlier | -1.14% | final price |
| XOM | five days earlier | -3.82% | final price |
| ZIM | three days earlier | +2.19% | final price |
| ZIM | five days earlier | +5.77% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 24 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 24 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 17 Sep 2026. That is 30 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 47 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 78 days before publication. Filed 22 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
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How solid the energy case looks
12 out of 100
“VLCC Tanker Rates Blow Past One Million Dollars a Day as Iran War Grinds On” scores 12 out of 100. The score uses 1 sources.