Egypt facing crisis due to shipping blockage in the Red Sea.

The Houthi attacks on merchant vessels in the Red Sea have had a devastating impact on shipping operations. Officer supply shortages have reached record levels, leading to an increase in sailor deaths and the frequency of attacks. However, one lesser-known consequence of these attacks is the financial strain on Egypt due to a decrease in Suez Canal passages.

The Suez Canal, a crucial sea-level waterway connecting the Mediterranean and Red Seas, plays a vital role in global trade. The disruption caused by the Houthi attacks has resulted in significant challenges for Egypt, affecting not only its economy but also the flow of goods between Europe and Asia.

As the situation in the Red Sea continues to escalate, it is imperative for international stakeholders to address the security threats posed by the Houthi attacks and work towards restoring stability in the region to safeguard maritime trade and the global economy.

Source .