A global supertanker shortage is sending oil shipping rates soaring to records

What happened

Hiring an oil supertanker to transit the Strait of Hormuz topped $1 million a day this month, equal to about $26 a barrel

Summary assembled by rule from the sources below

Timeline

1. 12:06
   First appeared on Yahoo FinanceYYahoo Finance
2. 12:10
   Quartz started reportingQQuartz

Sources