10 Nov 2024
Monday 12 November 2018 - 11:37
Story Code : 326386

Tanker owners cash in on Iran sanctions and trade tensions



The Wall Street Journal - U.S. sanctions on Iran and the trade battle with China have become a boon for owners of tankers, with daily freight rates at their highest in two years as ships shift their routes to load up crude from other oil-producing countries.

Crude exports from Iran, the worlds fifth-biggest oil producer, have fallen about 50% since May when the U.S.


 

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