Surge in Supertanker Orders as US-Iran Conflict Reshapes Long-Haul Oil Routes
Shipowners have placed an unusually large number of orders for Very Large Crude Carriers (VLCCs) in 2026, more than doubling last year’s tally and totaling over $20 billion. The shift in ordering patterns is tied to changes in trade routes driven by the US-Iran conflict, the effective closure of the Strait of Hormuz, rising long-haul shipments from…