U.S. President Trump has just made a request; 20% compensation for goods transported through the Strait of Hormuz; based on a very large tanker loaded with crude oil, this is approximately US$30 million
U.S. President Trump has just made a request: 20% compensation for goods transported through the Strait of Hormuz; based on a very large tanker loaded with crude oil, this is approximately US$30 million. This estimate is based on current oil prices of approximately $80 per barrel. Very large tankers can carry about 2 million barrels of crude oil. In contrast, Iran has been charging up to $2 million per voyage on an ad hoc basis, people familiar with the matter have revealed. (Bloomberg)