The World's Oil Tankers Are Seeking To Flee Hormuz. The Bill Is $2.5 Million Per Ship
- Posted on July 24, 2026
- By International Business Times
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- 1 min read
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The World's Oil Tankers Are Seeking To Flee Hormuz. The Bill Is $2.5 Million Per Ship
The combined disruption of the Strait of Hormuz and the Bab el-Mandeb is forcing some shipments to take a circuitous route around Africa's Cape of Good Hope, making voyages longer and $ 2.5 million more expensive.
