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2026-07-14 09:28:12
[Trump Proposes Toll on Strait of Hormuz, Transportation Costs May Soar] (1) Trump announced that he would impose a 20% fee on all cargo passing through the Strait of Hormuz to compensate the U.S. military for the cost of providing security for relevant vessels, but did not specify whether the fee would be calculated based on the value of the cargo or in another way. (2) Logistics experts warned that if the fee is levied based on the value of the cargo, oil transportation costs will rise significantly. Currently, the transportation cost per barrel from the Persian Gulf to Europe is about $10, while the price of oil per barrel is about $80. The 20% increase means an additional $16 per barrel, and the total transportation cost will rise to about $26. (3) For a large oil tanker carrying 2 million barrels, this additional fee could exceed $30 million; however, some analysts question whether the fee will actually be implemented.
