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The Suez Canal is one of the worlds busiest maritime channels. It links the North Atlantic to Asia via the Mediterranean Sea to the Red Sea and then to the Indian Ocean. The Suez Canal plays a crucial role in the international oil trade with tankers going to and from the Middle East to Asia, Europe, and North America. The canal runs about 190 kilometers through Egypt. Starting in the north from the Mediterranean at Port Said and running down to the Gulf of Suez in the Red Sea. These days, the Suez Canal is managed and operated by the Egyptian government, through the Suez Canal Authority. Its annual revenue is estimated at around $5 billion dollars and it accounts for almost 10% of world seaborne trade. Prior to the canals construction, the most common way from Europe to India and Asia was via the Cape of Good Hope in Africa. The Suez gateway halved this travel time. Understandably, this meant that whoever controlled the Suez Canal stood to gain docHub
