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65DOOM SCORE
Supertanker insurance through the Strait of Hormuz reaches tens of millions of dollars
IranOmanSaudi ArabiaUnited Arab Emirates
First seen: Aug 24, 2026, 7:32 PM UTCUpdated: Aug 25, 2026, 12:16 AM UTC
WHAT HAPPENED
Total's CEO says ensuring a supertanker transiting the Strait of Hormuz now costs tens of millions of dollars.
SO WHAT?
Higher shipping insurance costs signal elevated risk and could increase energy transport costs through a vital chokepoint.
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