


| Tanker Costs Surge as Chinese Firms Sanctioned Over Iran Oil |
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(Bloomberg) -- Oil-tanker costs are surging after the U.S. slapped sanctions on Chinese companies it accused of hauling Iranian crude, prompting a scramble in freight markets to secure alternative vessels. Rates for ships hauling 2 million-barrel cargoes of Middle East oil to Asia jumped 19%, according to data from the Baltic Exchange in London.
Posted: 2019-09-27 00:04:00
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