The Houthis began targeting commercial shipping on November 19, 2023, and claimed their first attack on a U.S. warship on January 9, 2024. In response, the UN Security Council passed Resolution 2722 ...

The Suez Canal attracts 12% to 15% of all global maritime trade, but only 3% of U.S. trade runs through the artificial waterway connecting the Red Sea to the Mediterranean, Vance claimed.

Egypt's President Abdel Fattah al-Sisi said on Monday that the monthly losses of the Suez Canal revenues reached around $800 ...

Recent data indicates the canal’s continued importance for global trade, with half of the European Union’s fuel shipments passing through it during a recent truce. Furthermore, since February, 166 ...

and it will open after new navigational maps are issued. In 2015, Egypt undertook an $8-billion expansion to the waterway, followed by several smaller development projects. The Suez Canal has long ...

The Suez Canal attracts 12% to 15% of all global maritime trade, but only 3% of U.S. trade runs through the artificial waterway connecting the Red Sea to the Mediterranean, Vance claimed. “[Forty] ...