VLCC rates crater as fragile Israel-Iran ceasefire holds

It was an eventful few days for the market, but ultimately, rates have taken a step back

VLCC rates climbed near six figures earlier in the week.
VLCC rates climbed near six figures earlier in the week.Photo: Alexandre Prevot
Published 26 June 2025, 12:36Updated 26 June 2025, 13:20
VLCCsIsrael-Iran conflictTanker ratesMiddle EastMiddle East Gulf