Three major container shipping firms halted passage through two vital waterways in the region this week as US-Israeli attacks on Iran and Iranian retaliation disrupt global shipping.
– We are very cautious about the continuation of the war because of the events in the Strait of Hormuz and its impact on navigation in the Suez Canal – al-Sisi said in a speech broadcast on state television on Sunday evening.
He said Egypt has been “suffering from this problem for the last two years”, causing “very large financial losses”.
MSC, Maersk and CMA CGM halted operations in the Strait of Hormuz in the Gulf, adjacent to Iran, and the Bab al-Mandeb Strait, which connects the Indian Ocean to the Red Sea and the Suez Canal.
Many ships are now diverted around the Cape of Good Hope off the tip of southern Africa, bypassing the region’s vital waterways. Al-Sisi previously stated that the channel’s revenues would drop by 60 percent in 2024, a loss of seven billion dollars, Reuters reports.
(Vijesti.ba)
