Black Sea Oil Shipping Insurance Soars to $2.5M Per Vessel, Pressuring Fuel Prices

War-risk insurance premiums for Black Sea oil tankers have jumped from ~$200k to $2.5M per vessel, reflecting heightened attack risks on commercial shipping. This raises crude transport costs and adds upward pressure on fuel prices in Bulgaria and potentially the broader region. The surge is a direct consequence of repeated maritime attacks, though the specific incidents are not detailed.