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Oil tanker rates hit record highs following Iran, US shipping attacks
Source: reuters.com
Geopolitics & WarEnergy Markets & PricesTransportation & LogisticsTrade Policy & Supply Chain
Shipping costs for oil on the largest tankers reached record highs this week after the largest wave of attacks on commercial shipping since the U.S.-Iran war began in late February. The disruption raises freight costs and supply-chain risk for global crude flows, potentially adding pressure to delivered oil prices.
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