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.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-24/shipping-oil-through-hormuz-costs-20-million-total-ceo-says)

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