A venture that’s taken a dominant position in the global market for oil supertankers is asking for sky-high charter fees to deliver Middle East crude as the Iran war sends rates spiraling upward.

SINGAPORE (Reuters) -Supertanker freight rates jumped after the U.S. expanded sanctions on Russia's oil industry, sending traders rushing to book vessels to ship supply from other countries to China and India, shipbrokers and traders said. Chinese and ...

By Florence Tan and Emily Chow SINGAPORE, March 3 (Reuters) - Supertanker costs in the Middle East have hit all-time highs, according to shipping data and industry sources on Tuesday, as the U.S.-Iran conflict intensifies with Tehran attacking ships passing through the Strait of Hormuz.

The cost of hauling crude oil from the Middle East to China has skyrocketed as the conflict between the U.S. and Iran disrupts shipping through key routes in the region. Leading maritime insurers have also dropped war risk cover for vessels operating in ...

LONDON, March 3 (Reuters) - Global oil and gas prices jumped on Tuesday as the ⁠U.S.-Israeli ⁠war on Iran halted energy exports from the Middle East, with ⁠Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing ...

Iran has stepped up attacks on Saudi Arabia in recent days, signaling it’s targeting the oil-rich kingdom more aggressively than earlier in the war.

The United Arab Emirates lifted a brief airspace closure Tuesday morning after the country faced incoming Iranian attacks

"There is a wide feeling across the Gulf that Iran has crossed every red line with every Gulf country,” said Abdulaziz Sager, chairman of the Saudi-based Gulf Research Center. Gulf Arab states did