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المشهد العربي
Rise in US crude shipping costs to Asia
The costs of shipping U.S. crude oil to Asia have experienced an unprecedented surge, reaching approximately $44.8 million to transport two million barrels from the U.S. Gulf Coast to China. This is the highest level ever recorded, compared to $39 million just one day earlier, and $17.8 million before the outbreak of the war in Iran. This increase in shipping costs comes amid rising Middle Eastern turmoil and declining vessel activity, compounded by Saudi Arabia's precautionary closure of the East-West pipeline. These developments highlight the significance of American supplies and their impact on global energy flow patterns.
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