Strait of Hormuz May Partially Reopen in Late June, Boosting VLCC Rates

According to China CITIC Securities, the Strait of Hormuz may see partial recovery in late June, potentially boosting VLCC operational efficiency and tanker rates. The brokerage expects shipping rates to spike initially as regional fuel flows to Southeast Asian markets with supply deficits, followed by a second phase driven by inventory replenishment in oil-producing and consuming nations. The report highlights that accumulated inventory gaps may remain a key driver through 2026, with oil tanker leaders expected to achieve record quarterly earnings in Q2 2026.
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