$20 MILLION TO SHIP OIL THROUGH HORMUZ Shipping a supertanker through the Strait of Hormuz now costs around $20 million, or roughly $10 per barrel, according to TotalEnergies CEO Patrick Pouyanne. Total is buying Gulf crude for just $50–$60 per barrel as producers struggle to export supplies. With Brent above $90, the disruption is creating lucrative margins for traders and shipowners. Continued Hormuz flows have also helped prevent global oil prices from surging above $100.(*Walter Bloomberg)