Iran's oil shipments to Asia drop, pushing cargo prices to multi-year highs. Crude oil reaching a new all-time high by December 31 at 12.5% YES.

Iranian crude prices have climbed as fewer cargoes reach Chinese buyers under a tightening US blockade, Reuters reports.

Iran's oil shipments to Asia drop, pushing cargo prices to multi-year highs. Crude oil reaching a new all-time high by December 31 at 12.5% YES.