Red Sea disruption pressures on the Suez Canal are getting the attention of the foreign press

Egypt’s Suez Canal woes have caught the attention of the int’l press: Houthiattacks on merchant shipping over the last two months and the US and UK’s retaliatory strikes that started last week have hurt business through the Suez Canal — a vital source of FX for cash-strapped Egypt — Bloomberg wrote yesterday.

ICYMI: Suez Canal revenues since the beginning of the year are down 40% y-o-y, due to alarge number of shipping lines and oil tankers hitting pause on Red Sea transit after the Houthis started targeting commercial vessels..