Goldman Sachs says the Hormuz crisis has pushed global crude oil transportation costs above per barrel 20 USD
BlockBeats, citing a Goldman Sachs report, said that factors including risks related to the Strait of Hormuz, diversions, and fuel costs have driven up crude oil transportation expenses, with costs on major Middle East routes exceeding per barrel 35 USD. The report expects refined product prices to remain supported by high costs after benchmark oil prices decline.