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SUEZ CANAL IMPORTANCE
India 'strategic diplomatic driver' for IMEC: Columbia University projectA project from Columbia University has underscored India's crucial involvement in the India-Middle East-Europe Economic Corridor (IMEC), pr...- Charting the Global Economy: War pushes up prices, dents growthThe Iran war is fueling a global inflation wave, prompting the European Central Bank to raise interest rates for the first time in nearly t...
- Suez Canal sees oil tanker surge amid Strait of Hormuz disruptionEgypt'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 ...
- What is the US Fifth Fleet, America’s backbone in the Middle East and why is it under Iran’s attack?Iran's IRGC claimed to have targeted the US Navy's Fifth Fleet headquarters in Bahrain amidst escalating tensions. This naval command, cruc...
- 'I don't care if negotiations with Iran are over': Trump dismisses Hormuz oil concernsUS President Donald Trump stated he is unconcerned if talks with Iran end. He also shrugged off worries about oil prices even if Tehran blo...
- What if the Strait of Hormuz didn’t reopen?The Strait of Hormuz, a vital oil route, faces potential prolonged closure. This situation mirrors past disruptions, raising concerns about...
- Loud, broken, baffling: Britain reflects on America at 250 in the age of TrumpBritons view America in 2026 through the lens of President Donald Trump. This perception often precedes any admiration for the nation's qua...
- With Chabahar Port in limbo, can India still reach Central Asia and Russia?India's crucial trade route to Russia and Central Asia is at a critical juncture. US sanctions on Iran's Chabahar port create uncertainty f...
- Trump administration sows confusion as it tries to reopen Strait of HormuzThe Trump administration's approach to the Iran war has been marked by conflicting statements. Initially, a ceasefire was declared, followe...
- Trump says US ships should be allowed to travel through the Panama and Suez canals for freeDonald Trump said that American ships should travel through the Panama and Suez Canals without charge. He asked Secretary of State Marco Ru...
- Egypt’s Canal receipts fall by almost half after Red Sea attacksThe drop is the latest headache for the North African nation that was already wrestling with its worst economic crisis in decades before th...
- How Houthi attacks have upended global shippingShipping companies have tripled the prices they charge to take a container from Asia to Europe, partly to cover the extra cost of sailing a...
- European wheat shipments are bypassing the Suez CanalCommodity carriers have been forced to bypass the Suez Canal, taking longer and more expensive routes to their destinations, because of Hou...
- Suez Canal tugboat sinks after collision with tankerA Suez Canal tugboat sank following a collision with a Hong Kong-flagged LPG tanker on Saturday, leaving one crew member dead and another m...
- Panama Canal transits rise as world trade recovers from pandemicThe canal expects to receive 429 million tons of cargo and collect $3.3 billion in revenue for fiscal year 2021, which ends on September 30...
- Suez Canal controlled speed of ship before it blocked waterway, insurer saysThe Ever Given is still being held in the canal while both sides continue compensation talks. It became jammed in high winds on March 23, h...
- How Suez Canal changed the way the world eats — while colonial India got ham, tinned meat and cheap beer, Egyptians got the kosharySuez became a global inflection point, a place where rules and habits changed.
- Suez Canal races to clear backlog as shipping convoys resumeShipping convoys through the canal resumed on Monday evening after tugs pulled the 400-metre-long (430-yard) Ever Given container carrier f...
- Oil jumps 4% on fears Suez Canal blockage may last weeksBrent crude rose $2.37, or 3.8%, to $64.32 a barrel at 10:57 a.m. EDT (1457 GMT), after dropping 3.8% on Thursday.
- Giant container ship blocks Suez Canal after 'gust of wind' knocks it off courseAbout 12% of the world trade volume passes through the man-made canal, which is a major source of hard currency for Egypt. Tankers have sta...
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