[Increased Risk in the Strait of Hormuz, Oil Tanker Freight Futures Prices Surge (Jin10 Data APP)] Odaily Planet Daily News: Shipping intelligence company Kpler stated that on Monday, due to heightened uncertainty in the Strait of Hormuz, freight futures prices for Very Large Crude Carriers (VLCC) surged by as much as 85% before retreating later in the trading session. Spot freight rates for the key Middle East-to-China route have risen from $6.55 per barrel to $12 per barrel, reflecting restricted vessel passage and climbing risk premiums. By deadweight tonnage, approximately 6% of the global oil tanker fleet is currently stranded in the Gulf region, with 9.6% of VLCCs compliant with the latest environmental regulations. With crude oil cargo loading restricted, the limited number of concluded charters is driving up freight rates. The market anticipates that disruptions to Middle Eastern exports will increase demand for oil tankers in the Atlantic Basin, the U.S. Gulf Coast, and India. (Jin10)