Very Large Crude Carrier (VLCC) freight rates surged to unprecedented theoretical levels on Monday, as the conflict between Iran and the US-Israel coalition significantly disrupted shipping in the Persian Gulf. Approximately 3,200 vessels are currently immobilized in the region. The benchmark TD3C route, from the Middle East to China, saw its daily rate quoted at an astonishing $423,700, a staggering increase of $205,600 compared to the previous day. Brokers have issued warnings...