Infographic: Strait of Hormuz shipping rates climb on oil tanker threat from Iran

London — The US has warned flagged vessels in the Middle East of possible retaliatory attacks from Iran.

Tanker freight rates have hit three-month highs for vessels using the 21-mile-wide Strait of Hormuz.

The channel separating Iran from the Arabia Peninsula is used to transport a fifth of the world's petroleum liquids consumption and a quarter of its LNG.

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