Suez Canal revenue rises as Hormuz crisis reroutes ships

How Suez and Hormuz became a linked risk-transfer market

For most of the past, the Suez Canal and the Strait of Hormuz have been analyzed as separate problems: one an Egyptian revenue engine sensitive to Red Sea security, the other a Gulf oil chokepoint sensitive to Iranian behavior.

Suez Canal revenue rises as Hormuz crisis reroutes ships

CAIRO: Suez Canal revenue rose 42% in July from the year earlier, as the Iran war’s effective closure of the Strait of Hormuz and Houthi threats in the southern Red Sea led more ships to use the Egyptian waterway. A total of 1,340 vessels transited the canal that month, according to data from state statistics […]