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Suez Canal Gets Oil-Tanker Boost Amid Hormuz Strait Shutdown | Collector
Suez Canal Gets Oil-Tanker Boost Amid Hormuz Strait Shutdown
Bloomberg Markets

Suez Canal Gets Oil-Tanker Boost Amid Hormuz Strait Shutdown

The number of oil tankers crossing Egypt’s Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024, as the closure of the Strait of Hormuz spurred an alternative Red Sea energy route.

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