But the cost of shipping that oil is up 25x https://edition.cnn.com/2026/10/09/business/oil-gas-diesel-t...
> Last year, the daily cost of hiring an oil supertanker (known as a Very Large Crude Carrier, or VLCC) to sail from the Persian Gulf to China was just $65,000, according to Clarksons, a London-based research firm.
> Now? It costs $1.6 million per day to hire a VLCC for that route, according to Clarksons.