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المشهد العربي
Horn closure raises Suez revenue
The Suez Canal experienced a notable increase in its revenues, as the number of oil tankers passing through in April rose by 28% to reach 529 vessels. This contributed to achieving the highest revenues since the start of 2024, following the closure of the Strait of Hormuz, which prompted shipping companies to seek alternative routes. Additionally, maritime traffic increased by 14%, reaching 1,182 ships, indicating the canal's recovery after a prior decline caused by attacks in the Red Sea and the impacts of the US-Iran war.
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