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The price of oil is down. The price of moving it by sea is way up.

by Sabri Ben-Achour

The increased risk from conflict in the Middle East carries a premium.

Since the ceasefire between Iran and Israel was announced, oil shipping costs increased 118%, said Matt Wright, a principal freight analyst at Kpler.

More on the global oil market

Make Me Smart: What happened to the Iran nuclear deal?
Persian Gulf: Why these oil experts aren't panicking about the Strait of Hormuz
Domestic production: Despite Iran conflict, oil companies are unlikely to heed the president's call to "drill, baby, drill"
Greenbacks: Why most of the world still uses the U.S. dollar to buy and sell oil

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Students looking at a job ad at an employment fair in Shanghai.

12 million students in China will graduate this year into a shaky job market

World/Internationalby Jennifer Pak

Job seekers at one of China’s top universities say the hunt is hard this year.

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