Tue 01 Sep 2026 · 01:25 UTCNot investment advice. Automated, AI and OSINT based. May contain errors.
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Oil Shipping Costs Through Hormuz Surge to $20 Million

First detected 24 Aug · last moved 1h ago

The picture

The cost to ship oil via very large crude carriers (VLCCs) through the Strait of Hormuz has reached approximately $20 million per voyage, according to TotalEnergies CEO. This dramatic increase reflects heightened geopolitical risks and insurance premiums in one of the world's most critical energy chokepoints.

The signals behind it · 1

4Oil1h ago
The cost to ship a VLCC through Hormuz reached $20 million; tanker economics have deteriorated sharply as insurers and operators price heightened transit risk.