Saudi crude oil exports reroute around Africa, increasing transport time by one month and raising costs

According to CCTV reports, due to disruptions from conflict in the Middle East, Saudi Arabia's crude oil exports have been forced to detour via Africa, resulting in transport times increasing by about one month and transport costs doubling. According to data from Kpler and London Stock Exchange Group’s shipping research company, fuel costs for the detour route have risen from 1.26 million US dollars to about 2.87 million US dollars, with an additional Suez Canal toll of approximately 1 million US dollars.