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TotalEnergies CEO Says Paying a Hormuz Toll Is Preferable to Closure. He’s Right.

April 16, 2026 · by admin

Patrick Pouyanné, CEO of TotalEnergies, told the IMF/World Bank spring meetings that the industry would rather pay to transit Hormuz than face closure — citing Suez and Panama as precedents. He is the first supermajor CEO to publicly endorse the principle of a structured chokepoint toll.

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