Oil Prices Are Already Soaring. Their 'Real' Cost Could Be Much Higher, Analyst Says.

Source: International Business Times

Oil tankers unload imported crude oil at the at the crude oil terminal of in Qingdao port, in China's eastern Shandong province on July 16, 2026. Getty Images Oil buyers are facing shipping costs that can add nearly $40 to the price of a barrel as record tanker charter rates and disruptions linked to the Iran war drive up the expense of transporting crude across global markets. A supertanker traveling from the U.