Inflation continues as oil prices cross $90 with higher shipping costs

The cost of shipping oil has skyrocketed since the Israel-Hamas war erupted. Shipping costs in the Mediterranean region have jumped more than 100%. Freight rates on 16 global trade routes surged by an average of ~50%. On top of oil prices crossing $90, we now have

12:31 PM · Oct 17, 2023

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Inflation continues as oil prices cross $90 with higher shipping costs

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