Source: Gemini - Pascal Brackman
The Suez Canal is a choke point and a strategic passage that concentrates large parts of world trade.
The Suez Canal connects the Mediterranean Sea with the Red Sea and shortens the route between Asia and Europe by thousands of kilometers. As a result, approximately 10 to 12 percent of global trade passes through it, including oil, gas, containers, and raw materials.
When a ship blocked the channel, goods worth billions of euros per day were delayed, oil prices rose rapidly, and shipping companies sometimes had to reroute via the Cape of Good Hope, which costs extra time and fuel.
The canal is also crucial for Egypt itself, as tolls constitute an important source of revenue. As a result, the Suez Canal has not only global but also national economic significance.
| | Public | Dutch
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Source: Gemini - Pascal Brackman
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Source: Gemini - Pascal Brackman
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