The cost of shipping crude oil is skyrocketing. • Hiring a supertanker from the U.S. Gulf Coast to Asia now costs over $29 million • Shipping rates have DOUBLED in just two weeks • Transport alone now costs ~$14.50 per barrel That’s nearly 20% of the total oil price at current WTI levels around $75. Energy markets are starting to feel the pressure of the Middle East conflict. Stay connected, follow

