U.S. sanctions on Russia hit oil freight rates newsthirst.
Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images Oil-linked shipping costs rallied after last week’s announcement of tighter U.S. sanctions to drain Russia’s war coffers, in a move that poses significant threats to Moscow’s maritime distribution chains. On Jan. 10, the U.S. Treasury Department announced fresh measures to…