Macro Finance
Shipping Oil Through Hormuz Costs $20 Million, Total CEO Says
Bloomberg Markets·August 24, 2026·1 min read
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. The figure highlights the premium for navigating a critical chokepoint amid regional tensions and supply concerns.
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