And the $2million continually quoted (with respect to the current toll) is not set in stone, so the ability for this to worsen on the "agreed" terms is baked in

April 08, 2026 - 02:27 UTC

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Worsen or soften, as the case may be. Don't think of $2 mil as an exuberant amount, especially for the shipping moguls trafficking liquid cargoes through the Strait. It's a minor inconvenience at best, one they will manage to off-load to charterers/receivers/underwriters... Resilience is built-in.
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Well, for what it's worth, a couple of days ago Spain's largest newspaper cited an estimate that it would permanently raise oil prices for a bit.

bsky.app/profile/yardcg.bsky.social/post/3miy7yfsq5s24
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