Reposted by Rebecca Baird-Remba
“The cost of carrying oil from inside the Persian Gulf to China rose to a record $1.3 million a day Monday.
“The rate averaged close to $60,000 a day last year.”
www.bloomberg.com/news/article...
bloomberg.com
Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Rise
Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels.