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After the Closure of the Strait of Hormuz.. Oil Shipping Costs Rise to Record Levels

March 3, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
After the Closure of the Strait of Hormuz.. Oil Shipping Costs Rise to Record Levels

Today, Tuesday, global oil and gas shipping costs surged to unprecedented levels following the halt of navigation through the Strait of Hormuz, amid escalating confrontations between the United States and Iran, and attacks on ships in the region, leading to widespread disruption in energy and maritime transport markets. Data from the London Stock Exchange Group, as reported by Reuters, showed that the cost of chartering supertankers to transport two million barrels of crude from the Middle East to China reached $423,736 per day on Monday, the highest level ever recorded. This figure is nearly double the price recorded on Friday, continuing its gains from the six-year high recorded last week. View the full content on...

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