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Morgan Stanley: Iran deal could send tanker rates soaring

A repeal of the oil sanctions against Iran could send spot rates for the major crude oil tankers, VLCC, soaring to more than USD 100,000 per day, or twice as high as the current levels, says Morgan Stanley.
Photo: Euronav
Photo: Euronav
BY OLE ANDERSEN

A political deal concerning Iran's nuclear program, which would also ease the Iranian oil sanctions, could potentially trigger a doubling of the tanker rates - rates that are already experiencing the best quarterly levels in five years for the major crude oil tankers, VLCC, says US-based financial house Morgan Stanley.

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