Rates can range between 3 per cent and 10 per cent of hull value, marking a huge jump from prewar levels

Shipping choke points like Hormuz and Malacca keep raising business costs after the Iran War, forcing companies to pay more for reliable supply chains

Oil prices surged due to US-Iran tensions threatening supply. New all-time high for crude oil by September 30 at 5.1% YES, by December 31 at 12.5% YES.