Oil Shipping Costs Surge as Dual-Strait Crisis Tightens Supply Routes
🚢 SHIPPING — The blockade's invoice is arriving, not just at the pump. 📌 LOOK CLOSER: With Hormuz at seven transits and Bab el-Mandeb closed, tanker operators are repricing war risk into freight rates — costs flowing directly into import prices for Europe and Asia. War-risk insurance compounds the squeeze. Every week the blockade holds, the cost floor in refined products rises, making any corridor deal cheaper than the status quo.
