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Macro Finance

Black Sea Oil Tanker Rates Surge to Record on Drones Barrage

Bloomberg Markets·August 12, 2026·1 min read

Freight costs for oil tankers shipping crude from the Black Sea to the Mediterranean surged to a record after a flurry of drone attacks, driving down prices for Kazakhstan’s main CPC export grade. The attacks disrupted shipping routes, raising costs and impacting regional oil prices.

Read at Bloomberg Markets
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