Experts predict that tanker-lease costs will increase by 40 percent, in case the United States attacks Iraq; meanwhile insurance premiums would skyrocket 5-10-fold.
Right now, it costs $65,000-69,000 per day to lease a tanker carrying up to 2 million barrels of oil from the Persian Gulf to the United States, the Al Ittihad newspaper (United Arab Emirates) writes. Tanker-lease costs would rise by 40 percent in case of a possible war against Iraq, what with tanker-insurance and freight-insurance premiums soaring 5-10-fold.
Starting with October 2001, aircraft-insurance, ship-insurance and freight-insurance premiums for the war-risk zone north of the 27-th parallel have increased by 100 percent. This war-risk zone includes all Persian Gulf countries.
Hungarian Prime Minister Viktor Orban remains true to himself. He puts the interests of Hungary and its citizens above everything else. The rest of Europe will wait