Since shipping on the two major international energy transportation routes, the Strait of Hormuz and the Strait of Mander, was disrupted by the war in the Middle East, Saudi Arabia, a major oil producer, is now being forced to divert routes and export oil to Africa via Egypt's Suez Canal. The detour will increase the transit time by about a month, and the cost of transportation will also double. According to data from international market service agency Kepler and London Stock Exchange Group Shipping Research Company, it usually only takes 19 days for an oil tanker to sail from Yanbu, the western Saudi Red Sea port, to Asia via the Strait of Mande. The route from Africa to Asia via the Suez Canal, the Mediterranean Sea, and the Strait of Gibraltar takes 48 days to bypass the Cape of Good Hope in Africa. Reuters estimates that the fuel cost of the detour route alone increased from 1.26 million US dollars to about 2.87 million US dollars, plus about 1 million US dollars in Suez Canal tolls.

Zhitongcaijing · 3d ago
Since shipping on the two major international energy transportation routes, the Strait of Hormuz and the Strait of Mander, was disrupted by the war in the Middle East, Saudi Arabia, a major oil producer, is now being forced to divert routes and export oil to Africa via Egypt's Suez Canal. The detour will increase the transit time by about a month, and the cost of transportation will also double. According to data from international market service agency Kepler and London Stock Exchange Group Shipping Research Company, it usually only takes 19 days for an oil tanker to sail from Yanbu, the western Saudi Red Sea port, to Asia via the Strait of Mande. The route from Africa to Asia via the Suez Canal, the Mediterranean Sea, and the Strait of Gibraltar takes 48 days to bypass the Cape of Good Hope in Africa. Reuters estimates that the fuel cost of the detour route alone increased from 1.26 million US dollars to about 2.87 million US dollars, plus about 1 million US dollars in Suez Canal tolls.