An article in the New York Times (August 26, 2026) titled “Under Threat, Saudi Arabia Reroutes Oil Exports Yet Again”, describes a couple of different routes for Saudi Arabian oil since the closure of the Straits of Hormuz. The initial plan to move the oil west and south, through the Bab-al-Mandab Strait to Asia has been threatened by the Houthi rebel attacks on ships. The new route is to go west and north, and travel through the Suez Canal or through the Sumed pipeline into Egypt before getting on ships that will go around the African continent to reach Asia, adding distance, thus cost (an additional $5 per barrel) and time to the trip to Asia. Given the Suez Canal’s limited capacity, how will these additional oil flow impact other goods traversing the Suez Canal ? Given the ever changing risks for the Straits of Hormuz and the Strait of Bab-al-Mandab, how should these routing shifts be managed ? How should the global cost associated with these emerging risks be computed so that infrastructure investments to ameliorate these risks can be justified?