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Tuesday
16
Jun 2026
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Athens 30°C

> Middle East

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War in the Middle East: How freight rates soared to historic levels

VLCC supertanker freight rates are at historic levels - Ships stranded in the Persian Sea with insurers withdrawing cover for transits from the region

Emergency meeting at Maximos Mansion to address the consequences of the Middle East crisis

Measures to tackle rising costs on the agenda

Fuel price rally: Unleaded could reach €2 per liter by the end of the week if Brent’s surge continues

Increases of up to €0.40 for gasoline and €0.60 for diesel – Energy costs are at the forefront of the Eurogroup meeting

Military operations are expanding into other fields: The “Achilles’ heel” of the Middle East – drinking water – comes under target

Iran struck a desalination plant in Bahrain with a drone, in retaliation for an alleged U.S. attack on one of its own facilities — The Middle East holds more than 40% of the world’s desalination capacity with 5,000 units, and countries in the region cover up to 100% of their drinking water needs through them

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