Latest News Updates From Mirette Magdy

GovernmentBusinessSafetyFuelLogistics

Suez Canal revenue rises as Hormuz crisis reroutes ships

Canal income rose to $505 million in July, data from the state statistics agency showed, the highest monthly level since December 2023.

September 8, 2026
GovernmentBusinessSafetyFuelLogistics

Suez Canal Gets Oil Tanker Boost Amid Hormuz Strait Shutdown

A total of 529 tankers transited the Suez Canal in April, 28% more than the year before. Broader traffic picked up too, with 1,182 vessels of all types making the journey — a 14% increase.

June 10, 2026

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