Global bunker fuel prices surged by approximately 30–35% over the past week, driven by escalating tensions between the United States and Iran and the effective closure of the Strait of Hormuz, a critical global oil transit chokepoint. The disruption triggered a sharp rally in crude oil markets, pushing major benchmarks to multi-year highs and significantly […] The post Bunker prices skyrocket in Week 11 on Middle East Crisis appeared first on Container News .