Urgent
Energy·4/26/2026AI summary
Record Armada of Empty Tankers Turn West as US Oil Exports Surge Amid Middle East Crisis
A record armada of empty tankers is heading to the US as oil drillers and refineries prepare to profit from Donald Trump's war in the Middle East. Almost 30 super-sized vessels, each able to hold 2 million barrels, are contracted to load US crude destined for a global market facing its biggest supply crisis. US crude exports have climbed by a third to a record 5.2 million barrels per day after Iran blocked 10 million barrels of Gulf oil exports via the Strait of Hormuz. The crisis is accelerating a shift toward American and Latin American oil production while positioning China as the dominant 'electrostate' of the future.
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Guardian Business