Suez Canal
artificial sea-level waterway in Egypt
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business May 24, 2026, 2:00 AM
UK prepares to clear mines in the Strait of Hormuz after peace deal - The Royal Navy is preparing for a mission to clear mines in the Strait of Hormuz, contingent on a peace agreement.
- President Donald Trump announced that negotiations involving multiple nations regarding peace with Iran are underway.
- Successful negotiation and mine clearing are crucial to restoring safe passage for commercial ships in this vital shipping route.
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business Jan 22, 2026, 3:14 PM
Egypt loses over $9 billion as Suez Canal trade disrupted by war - Egypt has lost over $9 billion in revenues from the Suez Canal due to regional instability over the past two years.
- The Israel-Hamas conflict alongside attacks from Houthi rebels has significantly disrupted trade through this key maritime route.
- President Sisi calls for a permanent ceasefire and humanitarian aid for Gaza, emphasizing Egypt's role in seeking stability.
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2026 All rights reserved
2026 All rights reserved