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World· Energy

Oil Tankers Flood Back Into Suez Canal As Red Sea Risk Grows

The Suez Canal reported a 42% year-on-year rise in revenue for July 2026, with receipts reaching $505 million as transits increased amid heightened regional risks. Ship movements climbed substantially, driven in part by a surge in oil tankers rerouted to avoid threats in the southern Red Sea and the Bab el-Mandeb Strait.

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