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

The Suez Canal was closed twice. Once when Israel/UK/France attacked Egypt in 1956, & a 2nd time when Israel attacked Egypt and neighbors in 1967. Evergreen was HRC’s code name. Evergreen is ...

Egypt’s Suez Canal revenue fell nearly two-thirds in 2024 due to rising regional tensions and conflicts that disrupted vital maritime traffic.

The giant container ship that was blocking the Suez Canal for nearly a week finally made it through and shipping traffic started up again. The moon and high tide helped workers more than any machine.

The canal is a major source of foreign currency for the Egyptian government, with about 10% of world trade flowing through the waterway in recent years. The Suez Canal Authority, which runs the ...

The Suez Canal Authority, which runs the waterway, said the canal generated an annual revenue of $3.991 billion in 2024, down from a historic high of $10.25 billion in 2023, according to a ...

CAIRO (AP) — Egypt’s revenue from the Suez Canal plunged by almost two thirds last year, officials said Wednesday, attributing the sharp drop to regional tensions and wars in the Middle East ...