rough seas

Oil tanker daily rates hit $200,000 with Middle East tensions rising

In his State of the Union address, Trump warned Iran against further escalation, heightening market concerns about potential oil flow disruptions

Sam / Middle East Images / AFP via Getty Images

A tanker carrying crude oil

Oil tanker shipping costs urged to their highest level in six years as traders scramble for vessels amid rising Middle East exports and mounting geopolitical tensions, with Saudi shipping giant Bahri moving to expand its fleet.

Daily rates...