Middle East tension ignites the shipping market, with oil tanker freight rates soaring 12% in a single day to reach a two-year high.

The China Fortune Financial APP learned that following the military strikes by the United States against Iran over the weekend, the tension in the Middle East continues to escalate, leading to a further increase in oil tanker freight rates. Ship owners are requesting an increase in docking fees at Persian Gulf ports to cope with the increasingly serious security risks.