Suez Canal gains importance amid rising shipping costs
Iran faces significant challenges in exporting oil, with its land exports dropping to around 40,000 barrels per day compared to two million barrels before the war. This decline is due to the implementation of new shipping routes and alternatives that reduce dependence on the Suez Canal and increase associated costs. Additionally, global shipping prices are heading upward, which affects the flow of oil and doubles the pressures on the Iranian economy, amidst new market patterns and shifts in global transportation and energy strategies.
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