London, March 18, 2026 (AFP) - Ship fuel prices soaring in war, industry warns

NAMPA / AFP

2026-03-18

Shipping fuel prices have reached "truly unprecedented" levels, having nearly doubled from the cargo crunch driven by the Middle East war, an industry leader told AFP Wednesday. Iranian forces' blockade of the crucial Strait of Hormuz after the war broke out on February 28 has severely restricted the supply of ship fuels to ports in the region, said Constantinos Capetanakis, chairman of the International Bunker Industry Association (IBIA). The av......

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