US-China oil tanker tariffs triple to $60M amid trade tensions

Freight rates for oil tankers on the Gulf of Mexico-to-China route have more than tripled, reaching $60 million per voyage. This sharp increase reflects trade disruptions and rerouting costs, likely driven by tariff or sanctions-related frictions. The development signals rising costs for crude shipments between the US and China, with implications for energy trade flows and shipping markets.

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