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Bunker fuel prices moved in mixed directions on November 11, with VLSFO up in several US and Latin American ports, including New York at $39/mt. The front-month ICE Brent contract gained $3.12 per barrel to trade at $93.05 after a reported fresh projectile strike on a tanker near the Strait of Hormuz.
Strong wind gusts were forecast for New York through Friday, with possible vessel delays.
Higher Brent and bunker costs raise ocean freight and shipping costs for grain and feed imports and exports. The Hormuz tanker incident adds supply-risk pressure that could lift crude again.
engine.onlineNov 11, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
