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Tuesday, March 25, 2025 20:53 GMT
Egypt’s President Abdel Fattah El-Sisi has announced that the monthly losses of the Suez Canal revenues reached around US$800 million due to the regional “situation,” as Yemen’s Houthis have been attacking vessels in the Red Sea. The Houthis have attacked vessels in the Red Sea area since November 2023 in support of Palestinians in Gaza during the war with Israel, disrupting global shipping by forcing vessels to avoid the nearby Suez Canal and reroute trade around Africa, raising shipping...More