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...
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...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.
