Two oil tankers near the strategic Strait of Hormuz were reportedly attacked on June 13, 2019, an assault that left one ablaze and adrift as sailors were evacuated from both vessels and the US Navy rushed to assist amid heightened tensions between Washington and Tehran. Photo: AP

Shipping experts are ‘highly worried’ about rising military tensions in the Strait of Hormuz, surging rates, and the impact on energy-dependent Asia

  • Daily vessel lease rates for supertankers travelling through the Strait of Hormuz have shot up in the wake of June 13 attacks
  • Daily lease rates could jump by a further US$10,000, or a third more, according to one expert
Topic |   Energy

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Two oil tankers near the strategic Strait of Hormuz were reportedly attacked on June 13, 2019, an assault that left one ablaze and adrift as sailors were evacuated from both vessels and the US Navy rushed to assist amid heightened tensions between Washington and Tehran. Photo: AP
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