Egypt's Suez canal authority chief said on Sunday the authority is closely monitoring the current tensions in the Red Sea.
The maritime traffic in the canal is normal © Mena Today
Egypt's Suez canal authority chief said on Sunday the authority is closely monitoring the current tensions in the Red Sea.
The authority is "closely following the consequences of current tensions in the Red Sea on the traffic in the canal," Chairman Osama Rabea said in a statement, adding that maritime traffic in the canal is normal.
Since Nov. 19, 55 ships have rerouted via the Cape of Good Hope, while 2,128 have crossed the canal in the same period, the statement added.
The UAE Central Bank announced Saturday an inspection of Egyptian state-owned Banque Misr's UAE branches, targeted a day earlier by US sanctions over alleged involvement in financial transactions with Iran.
The U.S. imposed Iran-related sanctions on an Egyptian bank on Friday, part of Treasury Secretary Scott Bessent's campaign to increase economic pressure to try to break a stalemate six months into Washington's war with Iran.
Yemen's Iran-aligned Houthis attacked a vessel off Saudi Arabia’s port city of Yanbu in the Red Sea, the group's military spokesperson Yahya Saree said in a televised speech on Monday.
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