Hormuz Crisis Sends Oil Shipping Costs Soaring. Supertanker Rates Have Jumped More Than Eightfold.

Hiring a very large crude carrier, or VLCC, to transport U.S. oil to Asia now costs about $77 million, according to Baltic Exchange data from Wednesday.

Read it at International Business Times ↗

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Hormuz Crisis Sends Oil Shipping Costs Soaring. Supertanker Rates Have Jumped More Than Eightfold. — SignalPop