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The Economic Times

Global Business / The Economic Times

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World running short of supertankers threatens long-haul oil flow

A shortage of supertankers, driven by the US-Iran conflict and a South Korean tycoon's big shipping bet, has pushed freight costs to record highs, adding about $26 a barrel (roughly a quarter of WTI's price) to Houston-to-Asia shipments.

19 Sep 2026 6:21 pm