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Story summary
- Oil tanker rates from the Middle East to China rose to $129,000 daily, the highest since November 2025, driven by tighter vessel supply and U.S.-Iran tensions.
- Rates jumped over 60% last Friday after U.S. President Donald Trump warned of military action against Iran.
- Brent crude reached $67.98 per barrel, bolstered by a significant drop in U.S. crude stockpiles and a trade agreement between the U.S. and India.
