Middle East oil shipping costs surge to all-time high as US-Iran conflict intensifies

Middle East oil shipping costs surge to all-time high as US-Iran conflict intensifies

The Straits Times - Sports·2026-03-03 09:00

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SINGAPORE - The cost of hiring a supertanker to ship oil from the Middle East to China surged to an all-time high of over US$400,000 (S$509,000) a day as the US-Iran conflict intensifies with

Tehran targeting ships passing through the Strait of Hormuz,

……

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