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$2 Million Strait of Hormuz Transit Fee Could Sharply Increase Crude and LNG Shipping Costs

An oil analyst warns that a proposed $2 million transit fee for the Strait of Hormuz could significantly raise the costs of shipping crude oil and LNG, impacting global energy markets. This increase may lead to higher energy prices and market volatility.
Date: 24.03.2026  |  Source: FOR-EX.NEWS

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