The cost of hiring an oil tanker on the industry’s benchmark trade route topped $1 million a day for the first time, as the Iran war leaves too few ships willing to cross the Strait of Hormuz to ...
Supertankers are going dark for longer to get oil through the Strait of Hormuz and the Bab el-Mandeb strait, doubling down on tactics honed in the earlier days of the Iran war. Vessels carrying ...
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