
Shipping
Suez Canal Gets Oil-Tanker Boost Amid Hormuz Strait Shutdown
Oil tanker traffic through Egypt's Suez Canal surged 28% in April 2026, with 529 tankers transiting and revenue reaching $419 million—the highest since early 2024. The closure of the Strait of Hormuz since Feb. 28 has redirected energy shipments through alternative Red Sea routes, benefiting the canal despite ongoing geopolitical risks from Houthi militants.























