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Tanker Rates Double as Shipowners Steer Clear of Strait of Hormuz

Summary by Financial Times
Costs to charter crude carrier from Gulf to China soar after Israel’s strikes on Iran

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Insurance rates for ships passing through the Strait of Hormuz have risen sharply, jumping by 60% since the start of the war between Israel and Iran, in light of the growing threats in the region, according to the Financial Times...

·Amman, Jordan
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Some owners and companies that operate oil tankers began abandoning Middle East routes since last Friday because of the risks associated with an escalation of the conflict between Israel and Iran.

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censor.net broke the news in on Monday, June 16, 2025.
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