I would feel more sympathy if they hadn’t been shipping, or allowing the smuggling of, weapons to Hamas, et al in Gaza in support of the war against Israel.
The Suez Canal’s annual revenue dropped by almost a quarter in its latest financial year as some shippers switched to alternative routes to avoid attacks by the Iran-backed Iran's Houthi sock puppets...a Zaidi Shia insurgent group operating in Yemen. They have also been referred to as the
Believing Youth. Hussein Badreddin al-Houthi is said to be the spiritual leader of the group and most of the military leaders are his relatives. The legitimate Yemeni government has accused the them of having ties to the Iranian government. Honest they did. The group has managed to gain control over all of Saada Governorate and parts of Amran, Al Jawf and Hajjah Governorates. Its slogan is
God is Great, Death to America™, Death to Israel, a curse on the JewsThey like shooting off... ummm... missiles that they would have us believe they make at home in their basements. On the plus side, they did murder Ali Abdullah Saleh, which was the only way the country was ever going to be rid of him...
s in the Red Sea and Gulf of Aden.
Osama Rabie, the head of the Egyptian canal’s authority said on Thursday revenues fell to $7.2 billion in its 2023-24 financial year from $9.4 billion the year before.
Since November, the Houthis have been attacking commercial vessels in the Red Sea and Indian Ocean to show support for Hamas
..the well-beloved offspring of the Moslem Brotherhood,...in the war with Israel started by the Paleostinian terror group’s October 7 onslaught.
The attacks have forced many major shipping firms to suspend passage through the Red Sea, which usually carries about 10 percent of global trade, and divert their vessels thousands of miles around Africa.
Rabie said the number of ships using the canal fell to 20,148 in 2023-24 from 25,911 the year before. The financial year in Egypt runs from the beginning of July to the end of June of the following year.
The Suez Canal is a key source of foreign currency for Egypt, and authorities have been trying to boost its revenues in recent years, including via an expansion in 2015.