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المشهد العربي
Hormuz shipping fees hit 40M dollars
Shipping companies and oil producers in the Middle East have incurred unprecedented costs to transport crude oil through the Strait of Hormuz. The cost of a round-trip voyage can reach approximately $40 million. As a result, oil companies rely on chartering massive vessels to carry the crude, at a cost ranging from $30 to $40 million per trip. The expense amounts to between $15 and $20 per barrel, aimed at avoiding economic losses caused by the inability to export oil via the strait, amidst ongoing security and logistical challenges in the region.
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