Published Aug 24, 2026, 10:33 AM ET · Updated 3 months ago · 1 source
Shipping Oil Through Hormuz Costs $20 Million, Total CEO Says
bloomberg
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Original Report
The cost of shipping oil cargoes on a supertanker through the Strait of Hormuz is about $20 million, the boss of TotalEnergies SE said, underscoring the wide margins to be made by traders and shipowners.