BusinessPhoto: Mint MarketsShipping Stocks Rally on Hormuz Tensions and Freight Rate Surge
Global shipping stocks reached record highs as tensions in the Middle East disrupted key maritime routes. Attacks near the Strait of Hormuz tightened vessel availability, causing tanker freight rates to surge. This increase raised oil transportation costs, benefiting tanker companies like Torm and Hafnia, which saw significant stock rallies amid the elevated crude shipment premiums.
Mint Markets·



