Iran War Fuels Shipping's Biggest Payday
Edited By WION Video Desk
Published: Jun 07, 2026, 12:12 IST | Updated: Jun 07, 2026, 12:12 IST
The closure of the Strait of Hormuz has triggered one of the biggest disruptions in modern energy markets, but one industry has emerged as a clear winner…oil shipping. The disruption has sent tanker freight rates soaring. Industry profits hit a record 36 billion dollars in the first quarter of the year, surpassing the previous peak set during the energy crisis of 2022.
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