More oil is passing out of the Persian Gulf, but the cost of shipping that oil is at all-time high, because of the time and number of tankers needed to move the oil through the Strait of Hormuz and transfer it to larger tankers. oilprice.com/Energy/Energ...
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Tanker Rates Soar to Record as Oil Crisis Becomes Shipping Crisis | OilPrice.com
Supertanker rates hit a record $1.4 million per day on Persian Gulf–Asia routes, surging 40% in the first week of October amid the Iran war.