Tanker Rates Soar to Record Highs on Iran War
The cost of shipping crude oil hit record highs last month as the Iran war reshuffled trade routes, tying up tankers in inefficient and lengthy voyages. Supertanker rates on the Persian Gulf to China route soared above $1 million per day in September.
Original · OilPrice.com AI summary of public reporting
Why: Iran war disrupts shipping routes → higher oil transport costs
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At publication → CurrentBRENTOIL102.30 → 102.32+0.0%