statementSaid on 2026-11-01
Suez Canal revenues have fallen sharply as shippers diverted routes during the United States-Israel war on Iran.
A statement by africaintel, said on 2026-11-01. Statements are as reported by the cited publishers — not verified by DecisionGateway.
but revenues have fallen sharply as shippers diverted routes during the United States-Israel war on Iran.
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Shipping through the Strait of Hormuz has been continuously disrupted since the US-Israeli strikes on Iran in February.financial_express · statementThere were incidents involving tankers near the Strait of Hormuz.thefinancialexpressonline · statementEgypt had been earning more than US$9 billion a year from Suez Canal tolls.africaintel · statementMSC expanded the application of piracy risk and Suez Canal surcharges to additional shipments coming from Asia.MSC · statementIran continues to attack ships, and Strait of Hormuz shipping insurance costs remain high.financial_express · statementThe expected decline is driven by the expansion of renewable energy and the oil price shock linked to the Iran war.Researchers · statement
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