RT by @carleygarner: Oil freight costs are falling fast, with multiple routes West of Suez down 50%-75% over the last few days. Rates are holding better for tankers originating inside the Persian Gulf. But the key route from Gulf of Oman to northeast Asia is down ~60% since Oct 15. Crisis over?

Written on 11/12/2026

@JavierBlas

Oil freight costs are falling fast, with multiple routes West of Suez down 50%-75% over the last few days.

Rates are holding better for tankers originating **inside** the Persian Gulf. But the key route from Gulf of Oman to northeast Asia is down ~60% since Oct 15. Crisis over?
— @JavierBlas Nov 12, 2026

RT by @carleygarner: Oil freight costs are falling fast, with multiple routes West of Suez down 50%-75% over the last few days. Rates are holding better for tankers originating **inside** the Persian Gulf. But the key route from Gulf of Oman to northeast Asia is down ~60% since Oct 15. Crisis over?

RT by @carleygarner: Oil freight costs are falling fast, with multiple routes West of Suez down 50%-75% over the last few days. Rates are holding better for tankers originating inside the Persian Gulf. But the key route from Gulf of Oman to northeast Asia is down ~60% since Oct 15. Crisis over?