23:25
0
U.S. Crude Shipping Costs to Asia Hit Record $47.48M as of Tuesday
According to Guru Club, citing Baltic Exchange data, ultra-large crude carriers (VLCC) shipping 2 million barrels of U.S. Gulf crude to Asia hit a record cost of $47.48 million as of Tuesday (Sept 16), up from $39 million the previous day. The shipping route cost $17.8 million before Iran war escalation. Middle East supply disruption concerns and Saudi Arabia's closure of its east-west pipeline have intensified risks at the Strait of Hormuz, driving strong demand for U.S. crude alternatives desp
More