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原油基本知识——What are the major shipping lanes for the global oil trade?

时间:2025-06-10

Aected by where oil is produced and consumed, there are 


currently eight major shipping lanes for crude oil:


Conduit 1 Strait of Hormuz


The Strait of Hormuz, where Iran and Oman share territorial rights, 


is the world’s most strategically important chokepoint, and is also 


considered a vital sea route for oil seaborne trade. A signicant 


portion of oil from Saudi Arabia, the United Arab Emirates, Qatar, 


Iran, and Iraq is shipped to international buyers, mostly to Asia 


through the strait.


The Strait of Hormuz is deep and wide enough to handle the 


world’s largest crude tankers.


As the Strait of Hormuz has been a strategic chokepoint for many 


years, it has often been the site of conict and there have been 


many threats by neighboring countries to close it. 


Conduit 2 Strait of Malacca


The Strait of Malacca is the shortest waterway connecting 


the Indian Ocean, the South China Sea and the Pacic Ocean. 


Singapore, Malaysia, and Indonesia share the territorial right of 


the strait. Most of the Middle Eastern crude shipped through this 


passage is headed to China, Japan, and Indonesia. This strait is also 


vital oil sea route for Japan.


In contrast to the Strait of Hormuz, the Malacca Strait is one of the 


narrowest sea routes in the world with only 1.7 miles wide at its 


narrowest point, creating a natural bottleneck for shipping. 


Conduit 3 Cape of Good Hope


Although not a chokepoint, the Cape of Good Hope, located on 


the southern tip of South Africa, is a major trade route for Asia?bound West African crude.


The Cape of Good Hope is an alternate sea route for vessels 


traveling westward that need to bypass the Suez Canal or Bab el?Mandeb when they are closed. However, diversion around the 


Cape of Good Hope incurs signicantly higher transport cost and 


shipping time. For shipments from Saudi Arabia to the United 


States, this route around adds 2,700 miles to transit distance.


Conduit 4 Bab el-Mandeb


Bab el-Mandeb Connects the Red Sea and the Gulf of Aden and is 


the strategic link between the Mediterranean Sea and the Indian 


Ocean. It is only 18 miles wide at its narrowest point. Closure of the 


Bab el-Mandeb could keep tankers originating in the Persian Gulf 


from reaching the Suez Canal, diverting them around the southern 


tip of Africa, which would add to transit time and cost.


According to the US Energy Information Administration (EIA), most 


exports from the Persian Gulf that transit the Suez Canal also pass 


through Bab el-Mandeb, so closure of the strait would lead to 


serious consequences.


Conduit 5 Danish Straits


The Danish straits connect the Baltic Sea to the North Sea and are 


among the most secure crude oil shipping routes in the world.


 The Danish Straights also carry a relatively small portion of oil from 


Norway and the United Kingdom eastward to the Scandinavian 


markets. This means if Russia ever shut down the Danish Straits, it 


would also be cutting oits own oil export route to Europe.


Conduit 6 Suez Canal


The Suez Canal passes through Egypt and the Isthmus of Suez and 


connects the Red Sea to the Mediterranean. Most of the oil passing 


through the canal is sold to markets in Europe and North America.


According to the EIA, the Suez Canal was expanded in 2010 to 


allow 60% of the world’s tankers to pass through more eectively. 


The fall of President Hosni Mubarak in Egypt in 2011 and the 


resulting unrest did little to deter international shipping through 


the canal, but security of this vital link remains a primary concern.


Conduit 7 Bosphorus Strait


The Bosphorus Strait is a narrow stretch of water connecting 


the Black Sea to the Mediterranean. It splits Istanbul’s Asian and 


European halves. Only half a mile wide at the narrowest point, the 


strait is among the world’s most dicult waterways to navigate 


and an average of about 48,000 ships pass transit the strait each 


year.


According to the EIA, Russia has been shifting its oil exports away 


from the Black Sea and toward the Baltic Ports, while Azerbaijan 


and Kazakhstan have increased shipping through the Bosphorus 


Strait.


Conduit 8 Panama Canal


The Panama Canal connects the Pacic Ocean with the Caribbean 


Sea and the Atlantic Ocean. The utility of the Panama Canal has 


waned in the years since it was built. The narrowest point of the 


canal was only 110-feet wide, forcing larger supertankers to avoid 


the canal entirely. With an expansion program of Panama Canal 


completed on Jun. 26, 2016, it now allows larger ships to transit 


the canal.


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