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Add a crippling logistics nightmare to the list of factors sending gas prices higher. You could say it was ever a given.
On Tuesday morning, the container ship Ever Given ran aground at the Suez Canal and formed a traffic jam in one of the world’s most critical trade routes. About 600,000 barrels of crude oil pass through it daily from the Middle East to the US and Europe, according to Braemar ACM Shipbroking data cited by Bloomberg. Another 850,000 barrels are shipped through the canal to Asia on a daily basis.
The recovery from the details ⇒
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