How did the war in the Middle East increase the cost of transporting oil? ▫ The war in the Middle East not only threatened the supply of oil; The cost of shipping the oil to the destination has also increased greatly. ▫ Disruptions in sea routes, the congestion of ships around the Strait of Hormuz and the lengthening of oil tanker trips have faced an unprecedented shock in the maritime transport market in recent weeks. ▫ But why did the shipping cost increase so much? Disruptions in the Strait of Hormuz, changing cargo routes and transferring oil between ships caused oil tankers to spend more time on each trip. At the same time, drone attacks on Saudi Arabia's East-West pipeline in September temporarily halted the flow of oil on this alternative route and increased demand for tankers. ▫ Restrictions on shipping in the Red Sea also further strained the fleet's capacity.

How did the war in the Middle East increase the cost of transporting oil? ▫ The war in the Middle East not only threatened the supply of oil; The cost of shipping the oil to the destination has also increased greatly. ▫ Disruptions in sea routes, the congestion of ships around the Strait of Hormuz and the lengthening of oil tanker trips have faced an unprecedented shock in the maritime transport market in recent weeks. ▫ But why did the shipping cost increase so much? Disruptions in the Strait of Hormuz, changing cargo routes and transferring oil between ships caused oil tankers to spend more time on each trip. At the same time, drone attacks on Saudi Arabia's East-West pipeline in September temporarily halted the flow of oil on this alternative route and increased demand for tankers. ▫ Restrictions on shipping in the Red Sea also further strained the fleet's capacity.