London: The Israeli airstrike on Iran has pushed up global oil tanker rates and tanker company stocks as investors anticipate significant disruption to global oil traffic.
Bloomberg News reported that July futures prices rose 15% to $12.83 per ton, according to data from brokerage Marex Group.
Oil tanker stocks also saw a significant rise, as one of the world’s largest tanker owners stated that it had become more cautious about leasing its vessels in the region.
Read More
- Oman’s standard government contracts initiative aims to boost public spending efficiency
- World Bank forecasts 23% rise in global commodity prices in 2026
- Oman signs 28 investment deals worth more than RO 304 million
- Gold prices edge higher as markets await US Federal Reserve decision
- Bank Muscat showcases its banking solutions at “Happy City Journey” as part of Urban October 2026
