Economy · Dubai, UAE · United Arab Emirates · October 31, 2026

Tanker rates and fertilizer exports hit by Gulf war

Reported by 3 outlets · first reported Oct 30, 2:28 PM ET · from an earlier edition that day

Oil tanker rates are at records as vessels become scarce. Middle East fertilizer exports fell 70%. High freight rates still draw some tankers through Hormuz.

Why it matters

Costs ripple into fuel, food and farming around the world.

Background

The Gulf is a major exporter of oil and fertilizer.

Sources

• Le Monde ↗Oct 31, 12:00 AM ET
• The National ↗Oct 30, 11:00 PM ET
• CNBC ↗Oct 30, 2:28 PM ET

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