Oil Tanker Rates Collapse 50–75% West of Suez in Days

Shipping costs for crude have plummeted across major westbound routes since mid-October, with the critical Gulf of Oman–northeast Asia corridor down ~60%. Rates inside the Persian Gulf remain more resilient. The sharp decline signals easing geopolitical risk premium on energy; CAD and commodity-linked currencies may reprice if supply-chain normalization reduces central-bank inflation concerns flagged by BOJ and BOC.