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Saudi Arabia's new oil route adds $5/barrel cost to bypass Hormuz and Bab el-Mandeb, deemed 'worth it' for supply reliability
svmuu.com07/08/2026 11:45
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The detour, which involves moving crude west across Saudi Arabia to Yanbu, then north through the Red Sea to Egypt, across the SUMED pipeline, and finally sailing around the Cape of Good Hope to Asia, increases journey time from approximately 19 to 48 days. Saudi Aramco is considering a separate pricing mechanism for crude loaded from Egypt's Mediterranean port of Sidi Kerir to reflect these new logistics. Additionally, Saudi Arabia is exploring expanding its East-West pipeline capacity by up to 2 million barrels per day.
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