TotalEnergies CEO Reveals Cost To Move A Supertanker Through Hormuz The crisis-driven dislocation across Gulf oil markets has positioned French energy giant TotalEnergies SE as an early mover, capitalizing on heavily discounted Persian Gulf crude priced at $50 to $60 a barrel and moving it through the highly contested Strait of Hormuz. CEO Patrick Pouyanné revealed at the Norwegian energy conference on Monday that transiting the waterway now costs roughly $20 million per superta...