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Translated regional report

Firing a rocket into space is cheaper than renting an oil tanker!

Automated translation and editorial curation by Middle East CatchSite publication

Original report: Fars News AgencyOriginal publication Editorial policy

Fars News Agency

Firing a rocket into space is cheaper than renting an oil tanker! 🔹If you want to rent an oil tanker for a trip from the USA to China, you now have to pay more than the cost of launching a rocket into space. 🔹Gibson, a ship brokerage company active in maritime transport, stated that the cost of such a trip is currently around $80 million, while the launch of a SpaceX Falcon 9 rocket typically costs $74 million. 🔹This amount was sufficient earlier this year to fully purchase a similar oil tanker. 🔸Oil market operators say that Middle Eastern producers have been forced to transport oil through the Strait of Hormuz and then transfer it to other ships. This relocation sometimes adds about a week to each trip and keeps a large portion of the global oil tanker fleet engaged for longer periods.

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