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http://www.marinelink.com/news/iraqi-standoff-blamed-for-low-mideast-gulf-u-s-vlcc-freight-rates304368

Iraqi Standoff Blamed For Low Mideast Gulf - U.S. VLCC Freight Rates

Freight for Very Large Crude Carriers (VLCCs) from the Mideast Gulf to the United States has fallen to below $1 per barrel for the first time in over two years.