Oil trade’s shipping bottleneck threatens a fresh wave of inflation
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Global oil prices continue to rise without signs of stopping. Security concerns in the Middle East and higher tanker freight rates are putting pressure on the energy market. There is a risk that oil will not reach buyers on time. Transportation costs are also increasing significantly.
The rise in oil prices on world markets is showing no sign of stopping. Growing security concerns in the Middle East and rising tanker freight rates are putting additional pressure on the global energy market. It is important to understand that a key factor is the risk that oil may not reach buyers on time, while transportation costs continue to rise significantly.