Indicates the type of a location. Location Type Defined by CCTVPLUS Indicates the role that a specific instance of a description takes among all descriptions. Description Role Defined by CCTVPLUS The role in the overall content stream. Part Role Indicates a kind of content rendition. Content Rendition Defined by CCTVPLUS CCTV Newscontent Co.,Ltd. CCTV Newscontent Co.,Ltd. All Rights Reserved. No access Chinese mainland CCTV Newscontent www.cctvplus.com +86-10-83949886 +86-10-63978447 contact@cctvplus.com 2026-05-31T19:43:07Z 2026-05-31T19:43:07Z 2026-05-31 2014-11-06T09:22:45Z China Central Television Iran Other Restrictions May 31/22, 2026 Iran-Hormuz/Shipping Cost Surge Hormuz disruption drives container shipping costs higher: Lloyd's British shipping journal Lloyd's List reported on May 29 that bunker fuel costs have surged nearly 70 percent amid the Strait of Hormuz closure, with container lines passing the burden on to shippers. Spot freight rates continue to climb, and analysts warn the market shock could deepen if the strait remains blocked. The report said soaring fuel prices are the core driver of the latest rate increases. Data from global bunkering hubs show very low sulphur fuel averaging 856 U.S. dollars per tonne on May 28, up 68 percent from mid-February, while high sulphur fuel rose 66 percent to 736.50 U.S. dollars per tonne. Industry consultancy Drewry noted that Middle East tensions are weighing heavily on sentiment, adding that elevated bunker costs and surcharges are adding upward pressure across trade lanes. Nats/Part Mute Beijing, China - May 31, 2026 (CCTV Video News Agency - No access Chinese mainland) 1. Screenshots showing report by British shipping journal Lloyd's List Strait of Hormuz - May 22, 2026 (CGTN - No access Chinese mainland/Israel Media/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda) 2. Various of cargo ships at sea