Tankers avoid Fujairah port amid Gulf War tensions
after close1 source ↓written by the desknot a recommendation
- Murban price
- $63.99 per barrel
Shipping companies are increasingly avoiding the port of Fujairah in the UAE due to escalating Gulf War risks, leading to cancellations of oil cargoes. Adnoc is reselling these cargoes at higher prices on the spot market, with March's official Murban price at $63.99 per barrel. This disruption may tighten supply and elevate crude oil prices further. ⚓️
Not investment advice. For informational purposes only.