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Oil Brokerage: A short-term surge in freight rates is possible.
Jin10 data June 13 news, Anoop Singh, Global Shipping Research Director at Oil Brokerage Ltd., stated: "The threat of war in the Middle East has a significant impact on freight rates." "This brewing conflict does not have a certain path, but a short-term surge in freight rates is possible." At least 15% of the world's very large crude carriers are in the Middle East Gulf at any given time, with about 20 passing through the Strait of Hormuz daily.