Suez Canal Revival Gathers Pace as Hormuz Crisis Reroutes Ships
Suez Canal revenue rose 42% in July from the year earlier, reaching $505 million, the highest monthly level since December 2023. A total of 1,340 vessels transited the canal, 27% more than in July 2025 and up from 1,208 in June. The increase is partly due to rerouting of Saudi Arabian oil exports via the Red Sea because of the closure of the Strait of Hormuz, and Houthi threats have spurred many ships to exit north rather than cross the Bab El-Mandeb.
Why it matters: This recovery in Suez Canal traffic and revenue highlights the ongoing impact of geopolitical disruptions on global trade routes, a key theme in the briefing on energy and maritime security.