Egypt's President Abdel Fattah al-Sisi stated that the monthly losses of the Suez Canal revenues reached around $800 million due to the regional 'situation'. The disruption caused by the Iran-backed Houthis attacking vessels in the Red Sea has forced ships to avoid the Suez Canal and reroute trade around Africa, increasing shipping costs.
image sourced from original article at https://www.dailymail.co.uk/wires/reuters/article-14508487/Egypt-Suez-Canal-monthly-revenue-losses-800-million-Sisi-says.htmlOriginal article source: https://www.dailymail.co.uk/wires/reuters/article-14508487/Egypt-Suez-Canal-monthly-revenue-losses-800-million-Sisi-says.html
Source Id: 2025-03-663054964
