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EnergyEnergy: changes to oil or gas supply can affect Gulf export revenue and Kuwait fuel costs.

Record Tanker Rates Threaten to Push U.S. Oil Exports to Asia to Seven-Year Low

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In simple terms

US crude oil exports to Asia are set to hit multi-year lows after the Iran war disrupted global shipping and the cost to lease a tanker for the Pacific journey reached a record of almost $80 million.

Earlier coverage

Earlier coverage on GreyNews

  1. U.S. Rig Count Holds Steady as Oil Prices SurgeOct 23, 2026 · OilPrice
  2. Stocks Continue to Sell Off as Rising Oil Prices Keep Lid on TreasuriesOct 23, 2026 · Bloomberg
  3. CFTC Takes Oil Trading Oversight ‘Very Seriously,’ Selig SaysOct 23, 2026 · Bloomberg
  4. Laura Cooper on AI Jitters, Oil and the FedOct 23, 2026 · Bloomberg
  5. SLB Sees Growth Driven by Middle East Oil Field RecoveryOct 23, 2026 · Bloomberg

What we don't know yet

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