Business

Shipping Crisis in Persian Gulf

Updated 2026-10-07 18:40 UTC 1 source Negative

Shipping costs have skyrocketed due to a shortage of tankers, with one supertanker chartering for $76 million, 10 times higher than pre-war levels.

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CNBC
Shipping costs have exploded as the war in the Persian Gulf has led to a shortage of available tankers.
2026-10-07 18:32 UTC
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