China route have surged to their highest level since November as tight vessel supply and lingering U.S.-Iran tensions keep freight markets under pressure.

Oil rose for a second day as geopolitical tensions resurfaced following the US downing of an Iranian drone near an American aircraft carrier in the Arabian Sea.

Between Iceland and Scotland, grey waves rolled beneath a rust-streaked tanker as U.S. forces moved to intercept. The vessel—now called Marinera, formerly Bella-1—flew a freshly painted Russian flag.

Iran faces rising logistical expenses—from ship-to-ship transfers to tanker reflagging—meaning it pays more just to sell each barrel.

U.S. Southern Command said in a social media post that U.S. forces apprehended the Motor Vessel Sagitta “without incident” and that the tanker was operating in defiance of President Donald Trump’s "established quarantine of sanctioned vessels in the Caribbean.”

WASHINGTON(AP) — U.S. forces boarded another oil tanker in the Caribbean Sea on Friday, the U.S. military said, as the Trump administration targets sanctioned tankers traveling to and from Venezuela as part of a broader effort to take control of the ...

Add Yahoo as a preferred source to see more of our stories on Google. President Donald Trump’s administration on Wednesday sought to assert its control over Venezuelan oil, seizing a pair of sanctioned tankers transporting petroleum and announcing plans ...

Today, an estimated 900 to 1,500 tankers – perhaps one in five in the world – are part of the global “shadow fleet”, defined by the International Maritime Organisation as “ships that are engaged in illegal operations for the purposes of ...