persian gulf Archives - Marketplace

Cost of shipping oil rises as tankers face more attack risk

by Scott Tong

Oct 11, 2019

A string of recent oil tanker attacks is leading the industry to take extra precautions and raise shipping and insurance rates.

Fire and smoke billow from a Norwegian-owned oil tanker said to have been attacked in the waters of the Gulf of Oman in June 2019.

AFP/Getty Images

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