A U.S. initiative to rehabilitate and return blacklisted supertankers to the global market may struggle to attract more than a small fraction of the dark fleet due to high freight earnings and complex compliance hurdles.

US Energy Secretary Chris Wright announced that oil shipments through the Strait of Hormuz are averaging nearly 13 million barrels per day despite regional conflict.

President Donald Trump has backed a potential ban on diesel fuel exports as national retail prices surge to a record $6.53 per gallon.