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TotalEnergies CEO Reveals $20 Million Shipping Cost in Hormuz

Key takeaways

  • TotalEnergies' CEO highlights that shipping oil through the Strait of Hormuz costs around $20 million, indicating significant profit margins for traders.
#Energy#Oil#Shipping

Analysis

TotalEnergies' CEO highlights that shipping oil through the Strait of Hormuz costs around $20 million, indicating significant profit margins for traders.

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