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A Korean tycoon earns $500,000 a day from the closure of the Strait of Hormuz. A few weeks before the start of hostilities, Ga-Hyun Chong's company sent at least 6 empty supertankers to the Persian Gulf. At first, they were idle, but after the co...
...llapse of exports through the strait, the ships began to be leased out for oil storage. The price reached $500,000 a day — almost ten times higher than a year earlier.