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Middle East oil exports push tanker costs to 6-year-high amid threat of US-Iran war...
25 Feb, 2026 10:56 311 min read
Shipping oil costs have surged to a six-year high, driven by increased Middle Eastern crude exports amid perceived military conflict risks between the U.S. and Iran. Hiring a very large crude carrier (VLCC) has more than tripled to over $170,000 a day.... More