What is happening to the Strait of Hormuz
April 25, 2026
The closure of the strait has led to the fact that companies are willing to pay any money to bypass the Panama Canal faster.
Issue price: up to four million dollars.
The standard cost of passage through the channel ranges from $300,000 to $400,000, depending on the vessel. You need to pay extra for speed. In recent weeks, the premium has increased to an average of $425,000.
One company paid an additional $4 million, and this is in excess of the standard tariff.
Against this background, the price of a barrel of oil is breaking records: Brent exceeded $107 per barrel this week.
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