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Trump's 20% Hormuz charge may cost oil supertankers $30 million per journey
short by Aradhana / on Tuesday, 14 July, 2026
If US President Donald Trump's proposal to collect a 20% reimbursement on cargo shipped through Strait of Hormuz is implemented, a fully loaded oil supertanker could pay $30 million per crossing. At current oil prices of $80 per barrel, a supertanker carrying 2 million barrels transports crude worth roughly $160 million, making the 20% fee about $30 million per voyage.
read more at Times Now