Suez Canal Still Blocked By Cargo Ship

Suez Canal Still Blocked By Cargo Ship

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Business

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A large ship has been blocking the Suez Canal, a crucial shipping route, for several days. This blockage is causing significant disruptions in global trade, with potential ripple effects on other major ports, particularly in Northern Europe. The situation is likened to a cork in a bottle, with a backlog of vessels waiting to pass through. Satellite images highlight the scale of the problem, which affects about 10% of world trade.

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3 mins • 1 pt

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