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India’s Crude Import Bill Surges as Hormuz Shipping Rates Soar

2 sources ·2 articles ·11h ago

2 outlets - including Oilprice and Yahoo - are covering this story. India’s crude oil import bill has soared since the Iran war choked Middle Eastern oil supply, raised benchmark crude prices, quadrupled freight rates, and boosted insurance on a single Strait of Hormuz voyage to never-before-seen highs. Ind…

Covered by 2 outlets

All coverage · 2 articles