EnergyNotableConfirmed
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TotalEnergies maintains oil transit through Strait of Hormuz despite regional tensions
Interfax·FR · IQ · QA·about 9 hours ago
TotalEnergies CEO Patrick Pouyanné stated that the cost to transport oil via Very Large Crude Carriers (VLCC) through the Strait of Hormuz has reached $20 million. This figure reflects significant risk premiums and insurance costs associated with heightened regional tensions, signaling potential upward pressure on global energy prices.
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