TotalEnergies CEO: Toll to reopen Strait of Hormuz preferable to closure
TotalEnergies' leader said reopening the Strait of Hormuz, even with a transit fee, is essential to avoid wider market disruption.
The head of French energy giant TotalEnergies said Monday that reopening the Strait of Hormuz — even if ships must pay a toll — is critical for global markets. He said a managed reopening would be preferable to a full closure, which could severely disrupt energy and shipping flows.