Wednesday, October 7, 2026 Global edition
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Supertanker chartered from Gulf Coast to China for $76 million, 10 times higher than pre-war level

Shipping costs have exploded as the war in the Persian Gulf has led to a shortage of available tankers.

Container cranes at a bustling port during sunset, creating a vibrant industrial scene.

Photo: thorl5 / Pexels

This story was reported by CNBC. Pinnacle Times shows its headline and summary; the full article is on CNBC's website.

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