War risk in the Strait of Hormuz has pushed tanker hire costs from about $50,000 to $1.3 million a day, according to Mario Nawfal. The surge is lifting insurance and freight costs, even as oil has yet to hit the feared $150-$200 a barrel range.
published
War risk in the Strait of Hormuz has pushed tanker hire costs from about $50,000 to $1.3 million a day, according to Mario Nawfal. The surge is lifting insurance and freight costs, even as oil has yet to hit the feared $150-$200 a barrel range.
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