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First crack in the freight shock: supertanker rates ease off records as Washington escalates and soothes at once
VLCC quotations from the Gulf of Oman to China slipped to roughly Worldscale 776 from a record 841 — the first physical relaxation of the Hormuz freight spike — as route demand thinned and the Trump administration floated relief for shadow-fleet tankers. The relief is real but shallow, and for West African barrels the binding constraint is the FOB differential now being crushed by transport cost, not the headline freight index itself.
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