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

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…