Asian refineries pivot to Suez Canal for Saudi crude transit amid Red Sea security risks

Asian refineries are increasingly utilizing the Suez Canal and SUMED pipeline to transport Saudi crude oil, bypassing direct Red Sea transit routes threatened by Houthi militant activity. While the report highlights a shift in logistics, the extent of the volume diversion remains uncertain. This adjustment reflects ongoing efforts to mitigate supply chain disruptions and insurance premiums associated with regional maritime insecurity.