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The Economic Times

Top News / The Economic Times

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Drone attack in Egypt raises fresh fears over Suez Canal, global oil supply

A drone strike on Egyptian tankers has raised energy security concerns for the Suez Canal. This vital route offers a safe passage for Saudi Arabian oil exports. Houthi threats have already impacted traffic through the Bab el-Mandeb strait. Many tankers are now rerouting north towards the Suez Canal and Sumed pipeline. This shift creates longer and more complex voyages for Asian customers.

30 Jul 2026 11:17 pm