Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz
Summary
Crude oil tankers continue navigating the Strait of Hormuz despite escalating attacks from Iran. Extremely high shipping costs are providing vessel operators with a powerful financial incentive to keep moving oil through this critical maritime corridor.
Soaring freight rates are giving tankers a big financial incentive to run the gauntlet through the Strait of Hormuz.
Source: Read the full story at US Top News and Analysis
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