An oil tanker is on fire in the Gulf of Oman. Attacks on tankers in the Middle East has forced a rally in oil prices adn also added to higher shipping costs. AP
An oil tanker is on fire in the Gulf of Oman. Attacks on tankers in the Middle East has forced a rally in oil prices adn also added to higher shipping costs. AP

Energy

Shipping rates soar as maritime insurers factor in war risk premium

Trump administration was poised to strike Iran over the downing of a US drone last week, leading to fears of a full-scale conflict in the Middle East

Jennifer Gnana and Deena Kamel

June 23, 2019

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