The Straits TimesBusiness
US-China oil tanker voyages now cost $60 million
Oil tanker rates on the United States Gulf Coast-to-China route have more than tripled since the United States-Iran conflict began in late February, pushing voyages to about sixty million dollars and squeezing demand for the costly shipments.
This card is an AI-assisted summary of reporting published by The Straits Times. Read the original report before relying on it for medical, legal, financial, safety, or emergency decisions.