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Posted on 10/22/2026 6:40:10 AM PDT by lasereye
Oil flows out of the Persian Gulf in October nearly returned to levels seen before the start of the Iran war, but traders remain wary about a fragile recovery.
Total crude exports in the region, or flows coming out of Iran, Iraq, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates and Oman, recently recovered to within 10% of their previous levels in January and February, according to data compiled by TankerTrackers.com, a maritime intelligence firm tracking crude oil shipments (see chart below).
(Excerpt) Read more at marketwatch.com ...
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On the first bullet point, Gemini provided a link to an article that detailed some of the high costs to move the oil:
At sea, some tankers operate as shuttles, collecting oil inside the Gulf and carrying it through Hormuz before transferring cargoes to other vessels near Oman. Those receiving ships then transport the oil to distant markets.
A supertanker traveling from the U.S. Gulf Coast to China was reportedly chartered for $76 million earlier this month, roughly 10 times the cost of a comparable voyage less than a year earlier.
Another article stated that oil traders expect US attacks to resume after the midterms.
Prices already dropped about a dollar where im at from maybe two weeks ago.
Somebody needs to tell Isabel Wang Follow and Myra P. Saefong that they are ALREADY dropping.
Interesting to me that two asians wrote the article.
Some, like myself, believe our economy and the people at the ‘top’ are so screwed up that gas/diesel prices will never, ever, return even close to where they were. This is all OK with them as they are not affected, and it makes clearer to us our servile role in their society.
It’s conditioning... when Trump leaves office and another democrat is elected, prices will go up another $2 a gallon. It’s already in the works.
I find it difficult to believe that “protection money” to Iran is NOT being saved.
Respectfully, here's my take on the possibility of gas prices returning to "close to where they were".
1) Year 2020 gas prices are unrealistic because covid (or the reaction to covid) reduced driving and artificially reduced demand, which artificially reduced gas prices.
2) So I suggest using year 2019 gas prices as a realistic standard of what gas prices should be. Year 2019 means 3 years of Trump 1.0's impact on gas prices (before covid). Here (my neck of Alabama) gas prices were $2.60/gallon much of the year. (I've tracked gas prices each month as part of my data on if getting an EV was worth it based on how many miles we drive, including incorporating that into our solar project and if doing solar was worth it.)
3) Using the inflation calculator https://www.usinflationcalculator.com/ and entering year 2019 and $2.60 for year 2026, it yields $3.43 as what I believe gas "should" be now based on how much inflation impacted everything else, but without special impact of energy decisions (i.e. Iran War).
4) Gas is currently $3.99 where I'm at, so 56 cents too high. Or 16% higher than it "should" be.
Is it reasonable to think that putting a final end to the Iran War would drop gas prices at least 16%? I think so.
They have not dropped a dollar here in our area. Where is that happening?
AI missed another reason:
- It is not yet November 4th.
Greed and desire to affect the midterms. Occam’s Razor.
Biden obeying his puppet master Obama in closing down America’s oil industry so we could be forced to buy our oil from Iran; .... Obama’s Muslim leaders! .....imho
https://www.thegatewaypundit.com/2026/06/joe-biden-brags-about-killing-oil-industry-during/
Why? Do you think that the oil companies are in cahoots with the Democrats?
I see diesel prices anywhere from 5.50 to 6.50
There’s the biggest spread. More so than gasoline.
“Why? Do you think that the oil companies are in cahoots with the Democrats?”
Yes. Oil companies have bent over backward to accommodate the left.
“Astronomical Shipping and Insurance Costs: Even though crude is moving through the Strait of Hormuz and alternative routes, chartering tankers and paying for high-risk maritime insurance add an extra $20 to $37 per barrel to the final delivered price. War-risk insurance has spiked to as much as 10% of a vessel’s value.”
The vessels used probably are older and less value.
The oil inside is more valuable than the old ship it would be in. The exporting country might refund payment for oil lost in any attack.
The US government might assess vessels and offer lower cost coverage, or it might buy the tankers outright, or the Trump Organization might get into the tanker business.
I’ve been an investor in oil companies for decades: production and exploration companies, refiners, royalty trusts, integrated oils, and most heavily in pipelines.
I have never ONCE met an exec who wasn’t a rock-ribbed Republican.
As Ukraine becomes more effective at striking Russian refineries, it is increasingly targeting specific refinery units in an effort to maximise the impact of each strike.
Minor damage to a CDU can typically be repaired within one or two weeks. However, repairs to more complex secondary units, particularly those that have suffered serious damage, can take six to eight months on average.
As more units are damaged, replacement times are increasing, with Western sanctions limiting Russia’s access to some equipment suppliers.
Take a look at the diesel export graph about 85% down. The US, China, Other Asia and Other have made up for about as much as Saudi Arabia and Other Middle East have lost.
The amount of Russian export losses (caused by targeted Ukrainian attacks) have not been compensated for.
See the RAC graph “Increases in pump prices since outbreak of 2026 Iran conflict” about 25% down the page:
https://www.rac.co.uk/drive/advice/fuel-watch/
Note the second wave of diesel price increases starting in July due to the Ukrainian attacks. Diesel had lost 60% of its March increase.
“a growing backlog of aging tonnage that is expected to head for the breaking yards in the coming years. Included in the backlog are hundreds of tankers operating in the so-called dark fleet”
https://shipbreakingplatform.org/platform-publishes-list-2025/
I believe that threats work, and the ‘Rats like to threaten. What else is the Green Energy Scam of the Left to oil companies, but a threat? When the ‘Rats are in power, they close refineries and cancel government approval of pipelines. The oil companies can read the tea leaves, too.
In fact, all of Corporate America showed itself to be beholden to the ‘Rats during the fake “Biden pResidency”. We should not delude ourselves that we have a free market.
List of attacks
1984
Date Vessel attacked Agent Result Ref
Name Flag GRT/Date
1984-03-01 Charming United Kingdom Unknown Iraqi missile aground [17][18]
1984-03-01(?) Sema-G Turkey Unknown Iraqi missile set afire [17][19]
1984-03-04 APJ Ambika India 16000 Iraqi missile sunk [17][20]
1984-03-29 Iran Dahr Iran 12257/71 Iraqi missile damaged [21]
1984-05-27 Savoy Dean Liberia 19291/68 Iraqi missile minor damage [21]
1984-06-03 Büyük Hun Turkey 80683/77 Iraqi missiles severe damage [21]
1984-06-03 Giant Kirn Panama 32107/71 Unidentified missile set afire [22]
1984-06-06 Dashaki Liberia 19291/68 Iraqi missile severe damage [21]
1984-06-10 Kazimah Kuwait 160010/82 Unidentified a/c severe damage [21]
1984-06-24 Alexander the Great Greece 152372/73 Iraqi Exocet missile severe damage [21]
1984-06-27 Tiburón Liberia 125389/73 Iraqi missile severe damage [21]
1984-07-01 Al Kabeer Panama 16575/65 Iraqi a/c aground [21]
1984-07-01 Sitia Venture Panama 15991/66 Iraqi a/c aground [21]
1984-07-01 Alexandra Dyo Cyprus 13316/69 Iraqi a/c attacked [21]
1984-07-02 Won Jin South Korea 6164/74 Iraqi missiles severe damage [21]
1984-07-05 Primrose Liberia 122203/76 Unidentified missiles slight damage [21]
1984-07-10 British Renown United Kingdom 122203/76 Iranian a/c slight damage [21]
1984-08-18 Endeavour Panama 47310/76 Unidentified missile set afire [22]
1984-08-24 Amethyst Cyprus 31280/63 Unidentified missile set afire [22]
1984-08-27 Cleo 1 Panama 20880/59 Unidentified missile set afire [22]
1984-09-11 St. Tobias Liberia 115025/71 Unidentified missile minor damage [22]
1984-09-12 Good Wind Panama 11525/70 Iraqi missile set afire [22]
1984-09-16 Med Heron Liberia 60655/77 Unidentified missile Unknown [22]
1984-09-16 Royal Colombo South Korea 74474/75 Unidentified missile Unknown [22]
1984-10-08 World Knight Liberia 114573/75 Iraqi missile severe damage[a] [22][23]
1984-10-11 Jag Pari India 20991/82 Iranian (?) bomb minor damage [22][23]
1984-10-12 Gaz Fountain Panama 23796/69 Unidentified missile set afire [22][24]
1984-10-15 Sivand Iran 108721/71 Iraqi a/c set afire [22][25]
1985
Date Vessel attacked Agent Result Ref
Name Flag GRT/Date
1985-11-05 Canaria Greece 151225 Iraqi Exocet missile severe damage[a][b] [26][27]
1986
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This section needs expansion. You can help by making an edit request. (September 2021)
1987
See also: USS Stark incident and Bridgeton incident
Date Vessel attacked Agent Result Ref
Name Flag GRT/Date
1987-07-24 SS Bridgeton United States Iranian mine damaged
1987-08-10 Texaco Caribbean Panama Iranian mine damaged [28][29][30][31]
1987-08-15 Anita Iranian mine sunk [32][33][34]
1987-08-30 Sanandaj Iran 129770/73 Iraqi a/c damaged [35]
1987-09-01 Astro Pegasus South Korea 42510/75 Iranian w/s g/f damaged [35]
1987-09-01 Bigorange XIV Panama 197/56 Iraqi a/c sunk [35]
1987-09-01 Munguia Spain 140277/77 Iranian PG set afire [35]
1987-09-01 Star Ray Cyprus 99011/70 Iraqi missile damaged [35]
1987-09-02 Nisshin Maru Japan 103099/80 Iranian PG damaged [35]
1987-09-02 Dafni Greece 48473/57 Iranian boats set afire [35]
1987-09-02 Diamond Marine Liberia 101416/74 Iranian boats holed [35]
1987-09-02 Jolly Rubino Italy 19418/78 Iranian boats minor damage [35]
1987-09-02 Leonidas Glory Cyprus 3717/73 Iranian boats minor damage [35]
1987-09-09 Haven Cyprus 109700/73 Iranian PG damaged [35]
1987-09-20 Khark 2 Iran 137895/70 Iraqi a/c damaged [35]
1987-09-20 Petroship B Saudi Arabia 25614/75 Iranian PG minor damage [35]
1987-09-20 Shirvan Iran 41439/79 Iraqi a/c damaged [35]
1987-09-21 Gentle Breeze British Hong Kong 57462/70 Iranian PG severe damage [35]
1987-09-21 Marissa I Panama 181/69 Iranian mine sunk [35]
1987-09-27 Coral Cape Cyprus 112825/74 Iraqi missile (2) damaged [35]
1987-09-27 Iran Sepah Iran 19702/76 Iraqi a/c damaged [35]
1987-09-27 Merlin Cyprus 110037/71 Iraqi missile (2) damaged [35]
1987-09-27 Shirvan Iran 41439/79 Iraqi missile damaged [35]
1987-09-29 Khark Iran 127453/73 Iraqi a/c damaged [35]
1987-09-29 Koriana Greece 38629/85 Iranian w/s slight damage [35]
1987-09-30 Western City Liberia 105803/75 Iranian PGs minor damage [35]
1987-10-01 Nichiharu Maru Japan 120694/73 Iranian PGs minor damage [35]
1987-10-01 Johar Pakistan 49635/76 Iranian PGs minor damage [35]
1987-10-01 Shenton Bluff Australia 150/79 Iraqi missile severe damage [35]
1987-10-02 Felicity Cyprus 53226/68 Iraqi missile set afire [35]
1987-10-02 Spic Emerald India 11712/83 Iranian PG set afire [35]
1987-10-05 Brazil Star Panama 77294/72 Iraqi a/c minor damage [35]
1987-10-05 Seawise Giant Liberia 238558/76 Iraqi a/c minor damage [35]
1987-10-05 Shining Star Cyprus 128929/71 Iraqi missile severe damage [35]
1987-10-05 World Admiral Liberia 106673/74 Iraqi missile minor damage [35]
1987-10-08 Tomoe 8 Panama 5267/86 Iranian PG set afire [35]
1987-10-10 Rova Liberia 105286/75 Iraqi missiles severe damage [35]
1987-10-12 Marianthi M. Panama 13006/65 Iraqi missile damaged [35]
1987-10-13 Atlantic Peace Liberia 43943/83 Iranian PG g/f minor damage [35]
1987-10-14 Pegasus I Liberia 104918/73 Iraqi a/c damaged [35]
1987-10-15 Sungari Liberia 124085/75 Iranian missile set afire [35]
1987-10-16 Sea Isle City United States 55454/81 Iranian missile moderate damage [35]
1987-10-23 Prosperventure L. Panama 27333/87 Iranian PG set afire [35]
1987-11-04 Taftan Iran 141883/73 Iraqi a/c damaged [36]
1987-11-06 Grand Wisdom Panama 51121/76 Iranian w/s minor damage [36]
1987-11-11 Fortuneship L. Greece 118216/75 Iraqi GM (3) damaged [36]
1987-11-11 Liquid Bulk Explorer Panama 7060/72 Iranian PG slight damage [36]
1987-11-12 Yousef[c] Iran 584/84 Iraqi a/c hit [36]
1987-11-13 Salvital[d] Singapore 742/76 Iraqi GM severe damage [36]
1987-11-15 Lucy Liberia 36512/86 Iranian PG damaged [36]
1987-11-16 Esso Freeport Bahamas 122967/74 Iranian PGs minor damage [36]
1987-11-16 Filikon L. Greece 41330/76 Iranian PGs moderate damage [36]
1987-11-19 Salvenus[d] Singapore 699/78 Iraqi GMs severe damage [36]
1987-11-20 Tabriz Iran 41440/80 Iraqi a/c damaged [36]
1987-11-22 Andromeda Greece 38627/84 Iranian PG damaged [36]
1987-11-23 Fundulea Romania 6253/80 Iranian PGs damaged [36]
1987-11-23 Uni-Master Panama 11648/77 Iranian w/s slight damage [36]
1987-11-26 Umm al Jathathel Kuwait 47169/83 Iranian w/s Unknown [36]
1987-11-29 Khark 4 Iran 127450/73 Iraqi a/c moderate damage [36]
1987-12-02 Anax Cyprus 122936/72 Iraqi a/c slight damage [36]
1987-12-04 Actinia Cyprus 109567/75 Iraqi a/c severe damage [36]
1987-12-06 Estelle Mærsk Denmark 28010/87 Iranian PGs minor damage [36]
1987-12-06 Norman Atlantic Singapore 42093/73 Iranian PGs sunk [36]
1987-12-08 Alamoot Iran 163173/77 Iraqi a/c severe damage [36]
1987-12-09 Susangird Iran 111287/73 Iraqi a/c severe damage [36]
1987-12-11 Tharaleos Greece 51372/69 Iranian FF minor damage [36]
1987-12-12 Pivot Cyprus 109700/75 Iranian FF damaged [36]
1987-12-15 Mimi M. Cyprus 16246/74 Iraqi a/c severe damage [36]
1987-12-16 Taftan Iran 141883/73 Iraqi a/c minor damage [36]
1987-12-16 World Produce Greece 17277/84 Iranian PG moderate damage [36]
1987-12-17 Island Transporter Maldives 9714/68 Iranian PGs damaged [36]
1987-12-18 Free Enterprise Malta 113780/72 Iraqi a/c went aground [36]
1987-12-18 Happy Kari Norway 140227/74 Iranian PGs set afire [36]
1987-12-18 Saudi Splendour Liberia 125394/75 Iranian PG moderate damage [36]
1987-12-19 Karama Mærsk Denmark 167728/77 Iranian PGs slight damage [36]
1987-12-22 British Respect Gibraltar 136601/74 Iraqi a/c set afire [36]
1987-12-22 Burmah Enterprise Bermuda 231629/78 Iraqi a/c severe damage [36]
1987-12-22 Seawise Giant Liberia 238558/76 Iraqi a/c set afire [36]
1987-12-22 World Petrobras Liberia 193778/77 Iraqi a/c damaged [36]
1987-12-22 Stena Concordia Liberia 122199/73 Iranian FF damaged [36]
1987-12-23 Berge Big Norway 136364/75 Iranian PGs set afire [36]
1987-12-25 Hyundai No. 7 South Korea 11686/78 Iranian PGs set afire [36]
1987-12-25 Nejmat el Petrol Saudi Arabia 12964/64 Iranian PGs set afire [36]
1987-12-27 Stilikon Panama 96747/64 Iraqi GM set afire [36]
1987-12-31 Iran Sedaghat Iran 4474/71 Iraqi a/c decoy [36]
1988
1988-01-01 to 1988-03-27
Date Vessel attacked Agent Result Ref
Name Flag GRT/Date
1988-01-01 Alga Malta 16134/72 Iraqi GM slight damage [36]
1988-01-10 Khark 3 Iran 137895/71 Iraqi a/c minor damage [36]
1988-01-12 United Venture Cyprus 13161/69 Iranian GM severe damage [36]
1988-01-14 Petrobulk Pioneer Liberia 20446/80 Iranian w/s damaged aft [36]
1988-01-15 Atlantic Charisma Liberia 23127/87 Iranian w/s damaged [36]
1988-01-15 Igloo Espoo Norway 10105/85 Iranian PGs damaged [36]
1988-01-16 Rainbow Liberia 7589/82 Iranian PGs severe damage [36]
1988-01-22 Havpil[e] Singapore 10977/69 Iranian PG minor damage [36]
1988-01-22 Topaz Panama 85690/76 Iranian PGs minor damage [36]
1988-01-22 Torm Rottina Denmark 20036/76 Iranian PGs attacked [37]
1988-01-27 Coral Cape Cyprus 112825/74 Iraqi imissile damaged [37]
1988-01-29 Khark Iran 116404/75 Iraqi a/c minor damage [37]
1988-01-29 Khark 5 Iran 138394/75 Iraqi a/c minor damage [37]
1988-01-30 Mare[e] Panama 9111/72 Iranian PGs sunk [37]
1988-02-03 Makran Iran 16000/74 Iraqi missile set afire [37]
1988-02-03 Petrobulk Ruler Norway 20505/75 Iranian PG damaged [37]
1988-02-05 Tavistock Panama 87464/71 Iranian PGs damaged [37]
1988-02-07 Khark 5 Iran 138394/75 Iraqi a/c set afire [37]
1988-02-07 Diane Liberia 38241/87 Iranian FF set afire [37]
1988-02-09 Shir Kooh Iran 140465/73 Iraqi a/c damaged [37]
1988-02-09 Veronique Liberia 38795/76 Iranian FF damaged aft [37]
1988-02-11 Happy Kari Norway 38795/76 Iranian PGs set afire [37]
1988-02-12 Kate Mærsk[e] Denmark 167207/76 Iraqi a/c set afire [37]
1988-02-15 Soleiman Iran 1019/84 Iraqi a/c severe damage [37]
1988-03-08 Tenacity Malta 41195/65 Iraqi a/c minor damage [37]
1988-03-15 Trade Fortitude Liberia 113950/72 Iraqi a/c damaged [37]
1988-03-18 Berge Lord Norway 138008/73 Iranian PGs minor damage [37]
1988-03-18 Kyrnicos Cyprus 41922/67 Iraqi a/c moderate damage [37]
1988-03-18 Maria 2 Panama 22845/80 Iranian PGs set afire [37]
1988-03-18 Neptune Subaru Singapore 22845/80 Iranian PGs minor damage [37]
1988-03-19 Avaj Iran 162028/75 Iraqi a/c severe damage [37]
1988-03-19 Sanandaj Iran 129770/73 Iraqi a/c severe damage [37]
1988-03-20 Atlantic Peace Liberia 43943/83 Iranian PGs minor damage [37]
1988-03-21 Fumi Liberia 36674/84 Iranian PGs set afire [37]
1988-03-21 Iberian Reefer Spain 7949/85 Iranian PGs minor damage [37]
1988-03-22 Havglimt Singapore 28941/78 Iranian w/s minor damage [37]
1988-03-22 Stavros G.L. Greece 163810/76 Iranian PGs set afire [37]
1988-03-23 Odysseas H. Cyprus 18876/72 Iranian PGs severe damage[a] [37]
1988-03-27 Jainarayan Vyas India 15035/75 Iranian PGs moderate damage [37]
1988-03-28 to 1988-08-04
Date Vessel attacked Agent Result Ref
Name Flag GRT/Date
1988-03-28 Karama Mærsk Denmark 167728/77 Iranian PGs minor damage [37]
1988-03-28 Golar Kansai Liberia 98905/72 Iranian PGs minor damage [37]
1988-03-30 Anax Cyprus 122936/72 Iraqi a/c disabled [37]
1988-03-31 Haven Cyprus 109700/73 Iraqi FF aground [37]
1988-04-12 Sagheera Saudi Arabia 20817/81 Iranian PGs set afire [38]
1988-04-18 Omnium Pride Cyprus 13858/71 Iranian PGs set afire [38]
1988-04-18 Willi Tide United States 283/79 Iran attacked [38]
1988-04-18 York Marine British Hong Kong 60814/75 Iranian w/s set afire [38]
1988-04-19 Fal V United Arab Emirates 7214/72 Iranian PGs damaged [38]
1988-04-24 Sea Trader Liberia 19482/76 Iranian PGs minor damage [38]
1988-05-11 Khark Iran 116404/75 Iraqi a/c damaged [38]
1988-05-11 Iran Nahad Iran 11205/70 Iraqi a/c severe damage [38]
1988-05-12 Sea Sapphire[f] Panama 11205/70 Iraqi a/c severe damage [38]
1988-05-14 Argosy Cyprus 71080/70 Iraqi a/c severe damage [38]
1988-05-14 Barcelona Spain 122770/72 Iraqi a/c severe damage [38]
1988-05-14 Beaufort[g] Belgium 475/78 Iraqi a/c severe damage [38]
1988-05-14 Safir[g] Belgium 475/78 Iraqi a/c severe damage [38]
1988-05-14 Scan Partner[g] Panama 499/79 Iraqi a/c sunk [38]
1988-05-14 Seawise Giant Liberia 238558/79 Iraqi a/c severe damage [38]
1988-05-14 Burmah Endeavour Bahamas 231269/77 Iraqi a/c minor damage [38]
1988-05-16 Bisoton Iran 112445/72 Iraqi a/c minor damage [38]
1988-05-18 Ace Chemi Panama 112445/72 Iranian PGs set afire [38]
1988-05-19 Barge Strand Norway 43849/82 Iranian PGs minor damage [38]
1988-05-26 Mundogas Rio Liberia 12251/67 Iranian PGs damaged [38]
1988-05-26 Don Miguel Malta 10526/76 Iranian PGs damaged [38]
1988-06-04 Shoush Iran 113788/72 Iraqi a/c Unknown [38]
1988-06-09 Salverve[c] Singapore 742/76 Iraqi a/c damaged [38]
1988-06-11 Dhaulagiri West Germany 7895/82 Iranian PGs minor damage [38]
1988-06-11 Esso Demetia United Kingdom 125293/73 Iranian PGs minor damage [38]
1988-06-11 Iran Fallahi Iran 17716/72 Iraq a/c Unknown [38]
1988-06-14 Neptune Subaru Singapore 51894/86 Iranian PGs moderate damage [38]
1988-07-01 Khark 4 Iran 127450/73 Iraqi a/c damaged [38]
1988-07-01 Fortuneship L Greece 118216/75 Iraqi a/c damaged [38]
1988-07-03 Berge Strand Norway 43849/82 Iranian PGs minor damage [38]
1988-07-07 Fellowship L Greece 118215/74 Iraqi a/c set afire [38]
1988-07-08 Star Ray Cyprus 107432/70 Iraqi a/c set afire [38]
1988-07-12 Universal Monarch Panama 40840/81 Iranian PGs damaged [38]
1988-07-15 Sea Victory Liberia 43456/69 Iranian PGs minor damage [38]
1988-08-04 Berge Lord Norway 138008/73 Iranian PGs minor damage [38]
https://en.wikipedia.org/wiki/Tanker_war
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