"We are today probably the largest trader of oil from Iraq or from Qatar ... and I can tell..."

Shipping oil cargoes via the Strait of Hormuz costs approximately twenty million dollars. This significant freight expense creates wide margins for traders and shipowners. …

TotalEnergies will invest in two major oil pipelines designed to bypass the Strait of Hormuz, backing Abu Dhabi’s expansion of its Fujairah export route and a planned pipeline…