Alternative to the Strait of Hormuz increased revenues from transit
The head of the Suez Canal administration, Osama Rabia, speaking at a meeting with the Egyptian Business Association, said that in October, revenues from transit through this transport artery increased by 94 percent compared to the same period in 2025
The head of the Suez Canal administration, Osama Rabia, speaking at a meeting with the Egyptian Business Association, said that in October, revenues from transit through this transport artery increased by 94 percent compared to the same period in 2025. The figure reached 724 million dollars, which was the highest level since 2023, TASS reports.
According to the head, in October, 1,490 ships with a net tonnage of 88 million tons proceeded through the canal. Despite the ongoing crisis in the Middle East, these figures increased by 32 and 86 percent, respectively.
The Suez Canal, which is not a direct alternative to shipments through the Strait of Hormuz, but is closely linked to it in the crisis system of global trade supplies, has significantly increased revenues amid another escalation of the Iranian conflict. The latter not only drove up global fuel prices, but also cost American Republicans a majority in the congressional elections.
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