Gaza Peace and Suez Canal: Return to Normalcy?

The peace agreement between Israel and Hamas raises hopes for the restoration of navigation in the Suez Canal, which has been affected by Houthi rebel attacks in the Red Sea. Despite the ceasefire, shipping companies are taking a wait-and-see approach, as the Houthis have not fully withdrawn their threats.

The Suez Canal, a crucial hub for global trade, has suffered significant losses. In 2024, the number of ships transiting the canal halved compared to 2023, resulting in increased costs and delays.

While potential normalization could lead to increased crossings and relief for European ports, analysts warn of potential pressure on freight rates due to increased shipping capacity. The Joint Maritime Information Center (JMIC) continues to assess the threat as 'critical' for ships linked to Israel.

Naval forces of the Western coalition remain vigilant as the situation in the Red Sea remains fluid.

Source: newmoney.gr