STRESSGeopoliticalRegional
Oil Tankers Earn $1 Million a Day as War Leaves Ship Shortage
Published:
News summary
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 collect cargoes.
- Importance
- Critical · 98/100
- Impact direction
- Negative