Yes, it does. It's an accommodating arrangement that works well for both sides. Unfortunately, our own financial irresponsibility helped drive the recent leadership turmoil in Egypt -- because the ongoing decline of the U.S. dollar had some serious consequences for a country like Egypt that relies on U.S. aid and U.S. trade for its well-being.
I'm guessing that the U.S. will end up cutting deals with the new government in Egypt very quickly -- to help ensure the free flow of cargo through that canal.