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ICE to Launch Tanker Derivatives Contracts Outside Strait of Hormuz Amid Iran War Impact on Shipping Benchmarks
Intercontinental Exchange (ICE) announced on Monday that it will launch tanker derivative contracts based on routes outside the Strait of Hormuz, in response to the ongoing disruption of the oil shipping industry's main benchmarks by the Iran conflict. The two new Forward Freight Agreements (FFAs) will cover voyages from the Gulf of Oman and West Africa.
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