Hua Er Jie Jian Wen·2025-06-19 05:51Group 1 - The outbreak of conflict in Israel has made a significant portion of global oil trade, particularly through the Strait of Hormuz, increasingly dangerous, leading to a dramatic rise in charter rates for large oil tankers [1] - The daily rental rate for a Very Large Crude Carrier (VLCC) on the route from Gulf countries to China surged from $19,998 on June 11 to $47,609 on June 18, marking an increase of 138% [1] - The rental rate for Large Range 2 (LR2) tankers also increased from $21,097 to $51,879 during the same period, significantly outpacing the 12% rise in the global crude tanker freight index [1] Group 2 - Market sentiment is influenced by concerns over Iran's ability to maintain crude oil exports amid the conflict, although there are currently no signs that Israeli attacks have impacted Iran's oil export capacity [2] - Shipping companies are becoming more cautious in the region due to signal interference issues affecting navigation, which could have substantial implications for global trade if the Strait of Hormuz is blocked [2] - A recent incident involving the Front Eagle tanker colliding with a "shadow fleet" vessel after leaving the Strait of Hormuz underscores the heightened navigation risks in the area [2]