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Home > Business News > Add a month at sea and $2.5 million – what it costs oil tankers to flee Hormuz and Bab el-Mandeb

Add a month at sea and $2.5 million – what it costs oil tankers to flee Hormuz and Bab el-Mandeb

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Published: July 24, 2026 04:48:08 IST

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By Enes Tunagur and Shadia Nasralla LONDON, July 24 (Reuters) – With two of its key oil export routes – the Hormuz and Bab el- Mandeb straits – disrupted by Iran and Iran-allied Houthi militants,

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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