Saudi crude oil exports bypass Africa, increasing transportation time by one month and rising costs

According to CCTV, Saudi Arabia's crude oil exports have been forced to bypass Africa due to disruptions caused by the Middle East conflict, resulting in an increase of about a month in transportation time and a doubling of transportation costs. According to data from Kepler and London Stock Exchange Group Shipping Research, the fuel cost for the detour route has increased from $1.26 million to approximately $2.87 million, with an additional $1 million in Suez Canal tolls to be paid.