The Suez Canal experienced a striking 42% increase in revenue during July, attributed to the rerouting of maritime traffic caused by the closure of the Strait of Hormuz and ongoing Houthi threats. More than 1,300 vessels passed through, significantly up from the previous year.

Suez Canal revenue rose 42% in July as Houthi threats in the Red Sea pushed Saudi oil tankers to reroute through Egypt.

The Suez Canal experienced a striking 42% increase in revenue during July, attributed to the rerouting of maritime traffic caused by the closure of the Strait of Hormuz and…