Kpler: If the Strait of Mandeb is interrupted, the time for oil transportation to Asia could double.

Sina Finance reported on March 30th that Muyu Xu, senior crude oil analyst at Kpler, said that if there were any potential disruptions in the Strait of Hormuz, crude oil transportation might be forced to detour around the Cape of Good Hope, doubling transportation time and increasing costs. "Ship owners may choose to redirect to the west, pass through the Suez Canal, and then detour around the Cape of Good Hope to transport Saudi crude oil to Asia, but this journey will take nearly 50 days, more than twice the time of transporting through the Red Sea, and will substantially weaken the market's immediate supply capability." The detour will significantly increase costs due to rising freight rates and increased fuel consumption, and will also require additional allocation of global oil tanker fleets, as very large crude carriers cannot pass through the Suez Canal.