Energy economist Anas Alhajji said the cost of moving Gulf oil through the Strait of Hormuz can mean a company buys a barrel for $50. The comment underscores th

Energy economist Anas Alhajji said the cost of moving Gulf oil through the Strait of Hormuz can mean a company buys a barrel for $50. The comment underscores the pricing impact of a key shipping chokepoint, though few additional details were provided.