
Tankers surge as Middle East conflict redraws oil trade routes
Shipowners ordered more than twice as many tankers this year than in all of 2025, in a $20 billion spree—the largest in at least a quarter century—as Middle East conflicts redraw trade routes, including the closure of Saudi Arabia’s East-West Pipeline. With crude from the Americas now moving on longer transoceanic voyages, tanker hire rates have surged to record highs, exceeding $1 million per day.













