One of the most important transit routes in the world, the Suez Canal is a canal connecting the Red Sea and the Mediterranean Sea. Due to the Suez Canal blockade, there has been a lot of disruption in global shipping. The negative impact on trade and economy as the transit route of the Suez Canal is blocked indicates the fragility of global trade. This canal serves as a lifeline for all types of trade between the west and the east as around 12% of global trade is done through this route every year. It is estimated to cost about $ 400 million per hour. The damage is done & which in itself is too much. Let's know more about Suez Canal.
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