Summary

What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… The average global freight rate to transport oil has surged to $20 per barrel from $3 per barrel last year as the Iran war and the Hormuz crisis have created a shipping crisis that’s unlikely to end soon, Goldman Sachs says.

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