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    Businesses face huge spike in shipping costs as Hormuz fuel crisis deepens

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    Source: South China Morning Post
    Published: 2026-06-01 18:30 UTC+10:00
    Section: VLSFO
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Business, Transport, Middle East, Asia, Military & Defence, Iran, Economy & Finance, China, Business & Economy, War & Conflict, Asia Pacific
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    Snippet:
    Shipping lines say they have no choice but to pass on steep cost rises, as the Iran war sparks a fuel crisis that could last well into next year
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