[Don W]

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...

[SonOfDarkSkies]

As you know, oil is a fungible good, so it matters not where American buys her oil if prices in the marketplace rise dramatically because crude shipments are brought to a standstill through the Suez Canal (around 1.3 million bbl/d) and the Sumed Pipeline (2.5 million bbl/d).

Closure of the Suez Canal and/or Sumed Pipeline would divert tankers around the southern tip of Africa (the Cape of Good Hope), adding greatly [6,000 miles] to transit time and effectively tying up tanker capacity.

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