Oil supertanker rates hit all-time high as insurers drop war risk protection in the Middle East
The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.
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The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.
The crisis in the Middle East has widened after Israel and the US attacked Iran on Saturday with major strikes.
The president’s supporters in one town hail his actions in the Middle East – though some comments suggest seeds of trouble.
A closure of the Strait of Hormuz would send shockwaves through global energy markets, but the pain would be felt most acutely in Asia.
A remarkable 80% of the country’s lanterns are still made by hand in one small town in Hebei Province.
Where children are the main event in the Italian capital, not an afterthought.
A fast-moving day saw the conflict widen in the region, with strikes being traded between opposing sides.
Dubai’s reputation as a prosperous destination for expats and influencers has changed for some following Iranian strikes.
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