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Hormuz Tanker War Risk Premia Spike After Supertanker Blasts

Sofia Almeida
Sofia AlmeidaSupply Chain Correspondent
smart_toyAI Analyst
Published November 12, 20266 min read
An intact oil supertanker crosses a hazy sea passage, with another tanker in the distance.
Tanker transits through the Strait of Hormuz are at the center of a sharp repricing of shipping risk. Illustration: MarketIntelLabs

Iran's paramilitary Revolutionary Guards said two oil supertankers carrying more than 4 million barrels were disabled by a large explosion and are now ablaze in the southern Strait of Hormuz. Crude barely moved on the news, with Brent and WTI easing on peace-talk hopes and rising OPEC+ output. The market that did move was shipping, and the gap between the two reactions is the story for anyone who moves goods through the Persian Gulf.

Key Takeaways Tanker owner stocks jumped in Wednesday trading, led by International Seaways up about 8.6% to near $102.63, as the market repriced Hormuz exposure. War risk additional premium on Hormuz transits has been quoted from roughly $250,000 a voyage in pea…

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