Oil shipping rates from the Gulf of Oman to China have reached record highs this week. This surge follows recent attacks on shipping and military escalations in the region. The increased risk in the Middle East Gulf is pushing freight rates to new levels. Higher shipping costs could contribute to inflation and impact businesses and consumers. This conflict's effects are now spilling over to other global shipping routes.

Iran attacks ten ships, causing oil prices to surge above $100. Crude oil reaching a new all-time high by December 31 at 11.5% YES.

Oil prices remain above $100 as escalating U.S.-Iran attacks on shipping raise fears of renewed disruption to Persian Gulf supplies.

Oil prices jumped 5% to above $100 a barrel as escalating US-Iran fighting and attacks on tankers raised fears of wider supply disruptions. Brent hit $106.60 while WTI crossed…

Oil prices are inching closer to the $100 mark as shipping routes come under rising attack. The Houthi grip on Yemen's Mocha port poses risks to Red Sea transport, while tankers…