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Market Impact: 0.58
Iran War Pushes Cost of Shipping US Gulf Coast Oil to Asia to Record
Source: Bloomberg
Energy Markets & PricesTransportation & LogisticsGeopolitics & WarTrade Policy & Supply Chain
The cost of shipping U.S. crude to Asia has reached a fresh record as buyers rush to secure cargoes amid escalating Middle East supply disruptions. The surge signals tighter availability of alternative energy supplies and higher transport costs, potentially supporting U.S. crude exporters while increasing delivered oil costs for Asian buyers.
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