[Hormuz Shipping Disruption Causes VLCC Freight Rates to Surge to $77 Million] According to a report by Jinse Finance, on October 8, the situation in the Strait of Hormuz has significantly increased supply chain costs in the global tanker market. Data from the Baltic Exchange in London shows that the charter rate for Very Large Crude Carriers (VLCCs) transporting U.S. crude oil to Asia has risen to $77 million, far exceeding the 2025 average of $9.2 million. For a tanker carrying 2 million barrels of crude oil, the freight cost translates to an additional transportation cost of approximately $38.5 per barrel. The Iran conflict has altered Middle Eastern crude oil export routes and transportation methods. Although regional oil flows have recently shown signs of recovery, the shipping process has become more complex, delivery times have been extended, and the effective size of the available fleet has been reduced, further driving up oil transportation costs.