CommoditiesMedium•5 November 2026•
1 min read
ADNOC Maintains Hormuz Oil Flows Despite 15-Fold Spike in Freight Costs
Key Facts
1ADNOC is using its tanker fleet to shuttle crude through the Strait of Hormuz and assist Iraq and Kuwait with oil exports.
2Daily freight rates have soared 15-fold toward $1 million due to ongoing attacks from Iran and the Houthis.
ADNOC is using its tanker fleet to shuttle crude oil through the Strait of Hormuz and assist Iraq and Kuwait with their petroleum exports. The Circuit reported that the company is maintaining operations in the vital waterway to ensure the continuity of regional supplies despite ongoing security threats.
Daily freight rates have soared 15-fold toward $1 million due to persistent attacks from Iran and Houthi rebels. While other shippers avoid the region because of these risks, ADNOC is leveraging its internal logistics capabilities to manage the massive spike in shipping costs and secure energy flows.