Egypt is losing lots of cash in this.
The toll for a ship to go through the Suez is $700,000.
The total for a ship going through the Suez is $700,000? That’s a lot of money going down the drain... and there’s starting to be backups in the great bitter lake region...
...and serves as the most direct route for ships traveling between Europe, the Middle East and Asia. It typically sees an average of over 50 transits a day