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المشهد العربي
Hormuz Oil Transit Cost $20M
Remarks made by the CEO of Total reveal that the cost of transporting a single oil cargo through the Strait of Hormuz amounts to approximately 20 million dollars aboard a supertanker, reflecting enormous profits for shipping and trading companies amid repeated disruptions to energy supplies. These costs are roughly equivalent to 10 dollars per barrel, at a time when Brent crude is trading above 90 dollars per barrel, with a divergence between markets that are pulling back support for oil passage through Hormuz and refined product markets that are suffering from a severe supply shortage.
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