Trump is telling us the Strait of Hormuz is open and oil tankers are getting through. What he doesn’t tell us is how much it costs to get that oil thru the strait. Here it is, last year, the daily cost of hiring an oil supertanker (known as a Very Large Crude Carrier, or VLCC) to sail from the Persian Gulf to China was just $65,000, according to Clarksons, a London-based research firm. By the time the Iran war began that cost had climbed to $230,000 per day. Now? It costs $1.6 million per day to hire a VLCC for that route. Plus extra insurance and extra pay for sailors. Trump did all that.