Oil tanker crossings through the Suez Canal surged nearly 30% in April as Hormuz crisis reroutes global shipping, with Iran accepting crypto for tolls.

The ongoing Iran War has caused a surge in container shipping costs amid uncertainty over the Strait of Hormuz.

Iran and Oman plan transit fees on the Strait of Hormuz, affecting 20% of global oil shipments. Here's what it means for energy prices and crypto markets.

Oil tanker crossings through the Suez Canal surged nearly 30% in April as Hormuz crisis reroutes global shipping, with Iran accepting crypto for tolls.

Egypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of Hormuz, forcing ships to use the Red Sea…

Hormuz is now a lot less blocked, with transits becoming more steady and greater in volume... About 2 million barrels a day of oil and related products are now flowing out of the…

The canal generated $419 million in revenue in April, up 27% year over year.

The Suez Canal has seen a sharp rise in traffic as disruptions in the Strait of Hormuz push more energy shipments toward the Red Sea

Oil shipments through the Strait of Hormuz are increasing for non-Iranian producers. This surge occurs despite ongoing tensions between Washington and Tehran. Iranian oil exports…