#Small Fleets

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Oil tanker navigating narrow shipping channel with rocky coastline in background

Markets & Rates May 4, 2026

Brent Crude Hits $110.37 — Up 2% on Strait of Hormuz Tensions

International oil benchmark climbs to $110.37 per barrel as geopolitical risk tightens supply. What the move means for diesel costs and small-fleet fuel bills.

By Tess Crawford