CEO says plan is to file for bankruptcy after ending luxury never-ending cruise

More than 200 passengers, mostly Americans, are stranded in Cambodia after the operator of a luxury U.S. cruise ship that was on a continuous around-the-world voyage ran out of money due to skyrocketing fuel costs .

Villa Vie Residences, the Florida-based operator of the MV Odyssey, said the war with Iran quadrupled fuel costs and forced it to suspend operations on Tuesday.

CEO Mikael Petterson told CBS News in a phone interview Wednesday that Villa Vie Residences was paying an average of $700 a ton for fuel before the war broke out in late February. Since then, it has been paying anywhere from $2,000 to $3,000 per ton.