Shipping stocks hit record highs as Middle East tensions disrupted key routes, lifted tanker freight rates and increased oil transportation costs. Tanker companies and shipping funds rallied while attacks near the Strait of Hormuz tightened vessel availability and added a premium to crude shipments.
Shipping stocks hit record highs as Middle East tensions disrupted key routes, lifted tanker freight rates and increased oil transportation costs. Tanker companies and shipping funds rallied while attacks near the Strait of Hormuz tightened vessel availability and added a premium to crude shipments.
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