Oil prices have eased from wartime peaks, with Brent trading around $105 a barrel this week, but a transportation crisis is keeping energy costs elevated. VLCC tanker rates have more than quadrupled in a year, from about $50,000 a day in late 2025 to over $200,000 a day in October, while the cost of shipping oil from the Persian Gulf to the Far East has risen from under $2 to over $30 per barrel year to date. Diesel is near a record at around $6.29 a gallon, and HFI Research estimates the world has lost around 20 oil tankers in the last two weeks. Gulf crude exports reached about 81% of pre-war levels in September, but energy inflation accelerated 5.2% over the month. RBC Capital Markets' Helima Croft says transport costs add $35-40 per barrel, while HFI Research sees Brent reaching $133-135 by early November if the escalation continues.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on businessinsider.com ↗
Related tickers and likely impact
PLX
▼ Likely negativePetrolimex
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 44,534 bn VND |
| P/E | 13.9 |
| P/B | 1.83 |
| Close on 10/15/2026 | 35.55 |
| Change that session | -1.93% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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