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Stock impact report

Supertanker Rates Hit Six-Year High: Here's What Driving It [zero hedge]

SFL Corporation Ltd (SFL) 
Last sfl corporation ltd earnings: 2/18 06:34 am Check Earnings Report
US:NYSE Investor Relations: shipfinance.no/page/6834/ir_home
Company Research Source: zero hedge
Supertanker Rates Hit Six-Year High: Here's What Driving It Global very large crude carrier (VLCC) rates have jumped to six-year highs due to two recent catalysts: first, a growing war-risk premium tied to the possibility of a US-Iran conflict, and second, ongoing consolidation in fleet ownership that is tightening vessel availability. Let's begin by noting that war-risk insurance premiums are rapidly being priced into VLCC tanker rates. The Strait of Hormuz has once again come into focus as the world's most important energy chokepoint, where any flare-up in a US-Iran conflict could prompt Iranian commanders to shut the strait down, sparking what would only be immediate panic in global energy markets. Latest Polymarket pricing for "US strikes Iran by...?" implies a 47% probability of a U.S. military strike by March 15. A war-risk premium has also been priced into Brent crude futures, with prices trading above $70 per barrel late Wednesday morning. Bloomberg reports that Bahri, the Nat Show less Read more
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