The Iran war is minting new one-day millionaires: oil tankers brave enough to sail across the Strait of Hormuz

Fortune - September 18, 2026

The Iran war is minting new one-day millionaires: oil tankers brave enough to sail across the Strait of Hormuz

For the first time, hiring an oil tanker costs more than $1 million per day as rocketing insurance premiums and a consolidating market drive up shipping costs.

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