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 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…

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