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FORGOTTEN HISTORY: Suez canal | History Defined

Suez Canal revival gathers pace as Hormuz crisis reroutes ships

The Suez Canal experienced a striking 42% increase in revenue during July, attributed to the rerouting of maritime traffic caused by the closure of the Strait of Hormuz and ongoing Houthi threats. More than 1,300 vessels passed through, significantly up from the previous year.

The Economic Times

China deploys naval fleet with 700 personnel near strategic Red Sea gateway, Suez Canal; amid Pakistan's push for Somalia defence pact

China has sent its 49th naval escort fleet to the Gulf of Aden as African countries prepare a regional task force against piracy and armed robbery. The developments come amid renewed security concerns around the Western Indian Ocean and Red Sea corridor. China has maintained escort missions in the area…

The Economic Times

Drone attack in Egypt raises fresh fears over Suez Canal, global oil supply

A drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi Arabian oil exports. Houthi threats have already impacted traffic through the Bab el-Mandeb strait. Many tankers are now rerouting north towards the Suez Canal and Sumed…

The Economic Times

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Bulletin world briefing: Nato vows to defend its territory after Russian missile explodes in Poland

Nato pledges to defend its territory after Russian missile explodes in Poland First human volunteer vaccinated against Bundibugyo strain of Ebola Egypt confirms drone attack caused fire on gas tankers near Suez Canal Tourists run out of food and water as cruise ship stranded on Danube How Prague Zoo is…

The Independent UK

Aramco mulls new Asia pricing on deliveries from Egypt port

State-run Aramco has been asking Asian customers to take oil deliveries from the Egyptian port, near the Suez Canal exit from the Red Sea, as some shipowners are avoiding Yanbu fearing Houthi attacks. Meanwhile, Asian refiners are pressing Saudi Arabia for discounts to offset the higher freight costs and longer…

The Economic Times

The Strait of Hormuz is reopening, but global shipping won’t return to normal for months

Iran and the United States are about to sign a peace deal that will reopen the Strait of Hormuz, the narrow waterway that carries about one-fifth of the world’s oil.

The Conversation

Suez Canal sees oil tanker surge amid Strait of Hormuz disruption

Egypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of Hormuz, forcing ships to use the Red Sea route. Broader vessel traffic also increased. This unexpected boost benefits Egypt's foreign exchange earnings, though overall…

The Economic Times

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Suez Canal summit: global tourism holds its breath

More than 300 world tourism leaders have gathered on an unprecedented Suez Canal cruise in Egypt to seek solutions to a crisis over the Iran war that threatens the summer with more expensive flights, route cuts and fewer flights due to fuel shortages.

Euronews

China to build land-based 'Suez Canal' to connect Europe and Asia, bypassing shipping routes

China is quietly building alternative routes to help it export goods to Europe, without passing through its South Sea, to avoid tensions with the United States and its allies in the region.

Euronews

Egypt's Suez Canal revenue fell sharply in 2024 on regional tensions

Attacks by the Iran-backed Houthi rebels have continued to significantly impact commercial shipping through the Suez Canal.

Euronews

Egypt's revenue from the Suez Canal plunged sharply in 2024

Officials say Egypt’s revenue from the Suez Canal plunged by almost two thirds last year, attributing the sharp drop to regional tensions and wars in the Middle East that have impacted traffic through the key waterway

The Independent UK

Leaked texts show Trump administration’s dislike of Europe, bashing it as 'pathetic' and 'freeloading'

The U.S. airstrikes against Houthi rebels could ultimately help Europe's access to the Suez Canal—so Trump expects something "in return."

Fortune

Egypt's Non-Oil Sector Impacted By Suez Canal Disruption

Learn about the impact of the Suez Canal blockage on Egypt's non-oil sector and the challenges faced by businesses post-disruption.

Top News

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Al Jazeera

How Israel’s war on Gaza is bleeding Egypt’s economy

As tourism, gas exports and Suez Canal revenues suffer, the Rafah crisis could make things worse, experts say.

WEKU

As Houthi attacks on ships escalate, experts look to COVID supply chain lessons

Shipping experts hope lessons learned during the COVID-19 pandemic, the Suez Canal disruption in 2021 and Somali pirate attacks more than a decade ago will mitigate widespread problems this time.

The Conversation

Red Sea crisis: Suez Canal is not the only 'choke point' that threatens to disrupt global supply chains

The air strikes against targets in Yemen by the US and UK military have not been without criticism. They aim to keep the Houthis from attacking merchant vessels in the Bab el-Mandeb strait. Less than 30 ships have been attacked by Houthis since they seized the Israeli-linked Galaxy Leader vessel…

Al Jazeera

Oil prices steady despite Middle East tensions, but risks are rising

Despite diverting supplies from the Suez Canal, tensions in the Red Sea have so far had a muted impact on energy prices.

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France 24

Oil prices rise on fears of wider regional conflict after strikes on Houthi targets

Oil prices jumped over 2 percent after the US and UK carried out strikes on Houthi-controlled areas in Yemen, amid fears of an escalation of the conflict in the Middle East. Major shipping companies stopped travelling through the Suez Canal and Red Sea routes in early December after a spate…

International Business Times

Huthi Attacks Idle Suez Canal, Deepen Egypt's Economic Woes

Attacks by Yemen's Huthi rebels in the Red Sea have caused shipping companies to avoid the Suez Canal -- a key source of revenue for Egypt as it battles a deep economic crisis.

International Business Times

Maersk Says To Avoid Red Sea For Foreseeable Future

Shipping giant Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea and Suez Canal for the "foreseeable future" after Yemeni rebels attacked its merchant ships.

The Independent UK

Next warns of stock shortages if Red Sea shipping problems continue

Next boss warns extra two and a half weeks must be added to stock delivery times for products coming through Suez Canal

Top News

Maersk Steers Dozens of Ships through Suez Canal Route

Maersk, the shipping juggernaut, charts an audacious course as it schedules numerous vessels to gracefully traverse the legendary Suez Canal. Ahoy, adventure!

Evening Standard

At least 38 injured in police headquarters fire in Egypt

The fire ripped through the police facility in the Suez Canal province of Ismailia

The Independent UK

Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway

A spokesperson for Egypt's Suez Canal says a tanker transporting crude oil broke down in the canal, briefly disrupting traffic in the global waterway

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