GEOPOLITICS | Iran Oil Shipments to Asia Nearly Halt as Cargo Costs Hit Multi-Year High
Iran’s oil shipments to Asia have all but dried up, pushing the cost of those cargoes to the highest levels in years, according to Bloomberg. The move comes before the US administration announces fresh steps to isolate Tehran and its trading partners.
Iran’s oil shipments to Asia have all but dried up, pushing the cost of those cargoes to the highest levels in years, according to Bloomberg. The move comes before the US administration announces fresh steps to isolate Tehran and its trading partners.