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Red Sea Insurance Premium Spikes
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Red Sea worries cause spike in refined fuel prices, but market will adjust. Clyde Russell. Asia Commodities and Energy Columnist. January 30, 2024 1:00 PM UTC Updated January 30, 2024 ...
Attacks by Iran-linked rebels in the Red Sea have sent shipping costs soaring. An index that tracks container rates spiked 61% last week, with big companies rerouting their vessels.
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