🚨BREAKING: It now costs nearly $800,000 PER DAY to ship oil from the Middle East to China, an all-time record.
That is 17x historical norms of $45,000 per day, per Kpler.
A single supertanker voyage from the US Gulf to Asia now costs $29.5 MILLION before war-risk fees, equivalent to $15 per barrel in shipping alone.
Rates have more than doubled in two months as fewer vessels are willing to transit the Strait of Hormuz.
Every extra dollar in shipping eventually hits the price of fuel and goods. $BTC $ZEC $ETH
That is 17x historical norms of $45,000 per day, per Kpler.
A single supertanker voyage from the US Gulf to Asia now costs $29.5 MILLION before war-risk fees, equivalent to $15 per barrel in shipping alone.
Rates have more than doubled in two months as fewer vessels are willing to transit the Strait of Hormuz.
Every extra dollar in shipping eventually hits the price of fuel and goods. $BTC $ZEC $ETH
