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Shipping costs surge as fuel prices hit near-record highs
Yahoo Finance· 2026-03-28 17:07
Gas prices in 2026 have climbed to near-record levels, driven largely by geopolitical instability in the Middle East, a critical region to global oil production and transportation. War with Iran and tension in the region have disrupted key maritime routes that carry a significant portion of the world's oil supply. These disruptions have pushed oil prices higher, increasing fuel costs worldwide and putting pressure on transportation-dependent industries. Major logistics providers, including the U.S. Post ...