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Supertanker rates have eased slightly from record highs, but Middle Eastern shipping disruptions continue to drive up freight costs and threaten Asian demand for U.S. crude.
Supertanker rates hit a record $1.4 million per day on Persian Gulf–Asia routes, surging 40% in the first week of October amid the Iran war.
Supertanker freight rates on Persian Gulf–East Asia routes have climbed above $1.4 million a day, setting a new record as the Iran war disrupts oil transportation, ties up vessels and...