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Houthi attacks since November 2023 cost Egypt $7 billion in Suez Canal revenue, a 60% drop.
The Suez Canal Authority Chairman, Osama Rabie, announced that Iran-backed Houthi militant attacks since November 2023 did not create a sustainable alternative to the Suez Canal.
These attacks forced ships to reroute around Africa, increasing costs for insurers.
Egyptian President Abdel Fattah al-Sisi reported that the disruption cost Egypt about $7 billion in Suez Canal revenue in 2024, a more than 60% drop from the previous year.
Rabie also noted positive signs for regional stability.
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Los ataques hutíes desde noviembre de 2023 costaron a Egipto $7 mil millones en ingresos del Canal de Suez, una caída del 60%.