Rhine Water Stable After Rain, More Wet Weather Expected to Help

By Alex Longley and Archie Hunter

Aug 28, 2026 (Bloomberg) –Earnings for ships on the world’s benchmark oil tanker route approached $650,000 a day as the Iran war and a bold bet by a South Korean tycoon continue to reshape how barrels are transported across the globe. 

Ships hauling cargoes from Saudi Arabia to China were pulling in a record $647,000 a day on Thursday, more than ten times the rate a year earlier, according to Baltic Exchange data. There are signs that export volumes within the Persian Gulf are rising, adding to the clamor for ships to pick