Global oil freight rates rocket as U.S. sanctions tanker units of Chinese giant COSCO

September 27, 2019 admin Business News Comments Off on Global oil freight rates rocket as U.S. sanctions tanker units of Chinese giant COSCO

Key oil freight rates from the Middle East to Asia jumped nearly a fifth on Friday, with the global oil shipping market spooked by fresh United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying crude out of Iran.

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Source:: Reuters – Business News