India's crude import bill keeps climbing as Hormuz shipping rates soar past 400% and war risk insurance hits $10 million a voyage, even as USO shares slide on the day.
Holly Herrera3 min read
A cargo ship hit by an unidentified projectile near the Strait of Hormuz pushed Brent above 91 dollars, while USO edged higher as traders weighed the region's escalating risks.
Holly Herrera3 min read
Gulf oil exports briefly rebounded to pre conflict levels before fading again as US Iran tensions choke tanker traffic through the Strait of Hormuz, rattling crude markets.
Edward Byrd3 min read