UAE, Kuwait Cut Output to Back Saudi Efforts to Rebalance Oil Market

Insurance premiums for oil tankers are 10 times more

Insurance premiums for oil tankers, passing through the Strait of Hormuz, have doubled between 8 and 10 times, the head of transportation department for law firm DWF said in a report to the British Financial Times. This comes in light of the geopolitical tensions in the region, the latest of which is Iran’s detention of...

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