One month's increase in Saudi seatime for the export of crude oil by the Twin Gorges

On 24 July, Saudi Arabia, a major oil-producing country, was forced to reroute and export oil from Africa via the Suez Canal in Egypt, in view of the interference of shipping on the two main international energy transport routes in the Straits of Hormuz and Mandeh by fighting in the Middle East. Detourage will increase transport time by about one month, with transport costs doubling. According to data from the International Market Services Agency, Koppler and the London Stock Exchange Group Shipping Research Company, it usually takes 19 days for a tanker to travel from the port of the Red Sea in western Saudi Arabia to Asia via the Mande Strait. It will take 48 days for the Suez Canal, the Mediterranean Sea and the Strait of Gibraltar to bypass the African Cape to Asia. The cost of fuel for the bypass route alone was estimated to have increased from $1.26 million to approximately $2.87 million, in addition to approximately $1 million for the Suez Canal toll。