Scorpio LR2 rates hit $181k/day as Middle East war disrupts oil trade

Scorpio Tankers reports LR2 product tanker rates surging to $181,000/day, a multi-fold increase from typical levels, as the Middle East conflict reroutes oil flows and tightens vessel supply. The spike reflects war-driven disruption to shipping lanes and elevated risk premiums, though sustainability depends on conflict duration and OPEC response. This signals a significant energy-market dislocation with direct implications for freight costs and refined product supply chains.

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