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International

Oil tankers could face rise in marine insurance rates

May 23, 2019 Reprints

Insurers may consider increasing rates for oil tankers passing through the Middle East after U.K.-based Lloyd's Market Association raised the security-risk status of several areas in the Persian Gulf, Oilprice.com reported citing sources. The association's Joint War Committee issued the warning after saboteurs recently attacked two Saudi oil tankers and four United Arab Emirates' vessels in the region.

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Oil tankers could face rise in marine insurance rates

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