Suez Canal Crisis: Can Gaza Peace Save Shipping?
Update: 2025-10-07
Description
Suez Canal chief says peace in Gaza could restore global shipping by 2025! Plunging ship traffic, down sixty percent due to Houthi rebel attacks, has slashed canal revenues and forced companies to reroute around Africa, adding weeks to voyages. With Egypt's economy heavily reliant on canal tolls, the crisis sparks fears over funding essential services. Could China's new Arctic route offer a faster alternative? All eyes are on peace talks as the canal hopes to rebound.
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