Shipping costs through the Strait of Hormuz are rising — even as oil prices are dropping. So what happens if Iran closes the waterway?

3 days ago 3
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Tanker operators in the Strait of Hormuz are facing higher shipping and insurance costs, despite a drop in oil prices, as investors wait to see what happens to the world’s most important crude chokepoint after the U.S. bombing of Iran’s nuclear sites.
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