Suez Canal traffic soars as Hormuz disruptions reroute energy trade
The Suez Canal has seen oil tanker traffic surge by almost a third in April, driving revenue to its highest level since early 2024, as the US-Israel-Iran war and the disruptions in the Strait of Hormuz reroute global energy flows. What happened: Some 529 tankers transited the Suez Canal in April, up 28% from a year…
