Black Sea Oil Tanker Rates Surge to Record on Drones Barrage

AI Summary

Oil tanker freight costs from the Black Sea to the Mediterranean have surged to record levels due to recent drone attacks, impacting crude shipping prices. This reflects heightened security risks and supply chain disruptions in the region.

(Bloomberg) — Freight costs for oil tankers shipping crude from the Black Sea to the Mediterranean have risen to a record after a flurry of drone attacks, driving down prices...