Trump’s proposed 20% Strait of Hormuz fee could add $30 million to tanker costs
Should President Donald Trump move forward with his plan to levy a 20% charge on goods moving through the Strait of Hormuz, oil supertankers might face costs of $30 million for every trip. With oil currently valued at $80 a barrel, a vessel hauling 2 million barrels carries a cargo worth approximately $160 million. Consequently, a 20% surcharge would result in a $30 million expense for each individual journey.
by shortkt.com✓