🐋 WHALE WATCH : Shipping oil from the Middle East to China now costs $800000 per day 17x the historical norm of $45000 according to Kpler. A single supertanker voyage from the US Gulf to Asia runs $29.5M before war risk fees. Thats $15 per barrel in shipping alone. Rates more than doubled in two months. Fewer vessels will transit the Strait of Hormuz and the ones that do charge accordingly. That cost doesnt disappear. It moves into the price of fuel and goods.(Whale Factor)