Global oil, gas shipping costs surge as Iran vows to close Strait of Hormuz

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SINGAPORE: Global oil and gas shipping rates soared, with supertanker costs in the Middle East hitting all-time highs, as the U.S.-Iran conflict intensified after Tehran targeted ships passing through the Strait of Hormuz, according to shipping data and industry sources on Tuesday. Read full story

Date: 3 March, 2026 12:00 pm
Source: thestar.com.my

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