I don't really know the answer, but I'll bet Obama might actually have to make a decision for once.
I've been scouring the internet looking for a good assessment of this situation but haven't as yet found one. If the canal is blocked, however, the effects will be devastating to an already weak economy like ours.
I sincerely doubt the blockage of the Suez canal would have ANY effect on the US economy other than those caused by political repercussions. To wit:
What percentage of US purchased goods travel through the Suez canal? (nearly none)
What percentage of US SALES travel through the Suez canal?(even less)
What percentage of US-bound oil travels through the Suez canal? (not a drop)
Europe will pay dearly for any loss in transit on the Suez, but if anything, the US could stand to benefit, since all the goods that transit the Suez for Europe could then be sourced from “other places”...
CHINA would suffer more, since a considerable portion of its goods are in transit through the canal at any given moment.
Circles within circles, FRiends...