(Bloomberg) — Supertankers are racing to the Middle East to cash in on soaring fees for carrying oil through the Strait of Hormuz, exacerbating a global shortage of vessels that...

Tankers are facing a higher risk of attacks and intimidation as they try to get critical shipments through the Strait of Hormuz after Iran issued new warnings it would block routes that it has not authorized, sources said.

A chemical tanker was struck by multiple projectiles off the coast of Qatar on Wednesday, with casualties reported among its crew, in the latest attack on commercial shipping as violence...