Crude tanker rates hit new highs as Hormuz risk escalates

AI Summary

Crude tanker rates have surged to new highs amid escalating risks in the Persian Gulf and Strait of Hormuz caused by Iranian and US attacks. The increased risk has intensified shipping concerns, marking the highest shipping risk level since the onset of the conflict.

Crude tanker rates have broken to fresh highs as Iranian and US attacks across the Persian Gulf and Strait of Hormuz push shipping risk to its highest level since the war began. The pace of attacks has accelerated notably over the past 2 weeks, with roughly 24 successful strikes now claimed by both sides, 8 ...