The cost of hiring a supertanker to move oil from the Middle East to China reached an all-time high on Monday of more than $400,000 (£298,300).
BBC | 03.03.2026 13:02
Oil prices made more gains on Tuesday after an Iranian official said his country will "set fire to anyone who tries to pass through" the Strait of Hormuz as the conflict between his country and the US and Israel continues