FEATURE: Middle East conflict may lift iron ore freight rates to Asia

The escalating Middle East conflict is unlikely to materially disrupt seaborne iron ore trade flows to Asia in the near term, but it could lead to higher freight, insurance and fuel-related costs, which are likely to lift delivered prices and potentially reprice parts of the bulk iron ore market, five sources told Platts, part of S&P Global Energy, on March 2. “A sustained risk premium on freight,The escalating Middle East conflict is unlikely to materially disrupt seaborne iron ore trade flows to Asia in the near term, but it could lead to higher freight, insurance and fuel-related costs, which are likely to lift delivered prices and potentially reprice parts of the bulk iron ore market, five sources told Platts, part of S&P Global Energy, on March 2. “A sustained risk premium on freight,Read More