Middle East oil tanker insurance rates soar 10-fold since attacks in Strait of Hormuz

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Middle East oil tanker insurance rates soar 10-fold since attacks in Strait of Hormuz

Posted by The Analyst | July 11, 2019 | Business
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Insurance rates for tankers going through the Strait of Hormuz have skyrocketed tenfold in the two months since the first attacks on tankers off the coast of the UAE, CNBC reports, quoting a chief executive of a shipping company.
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