Suez Crisis II: Marginal Impact

The last Suez Crisis, in 1956, ended British rule over the high seas and consolidated America’s high-level claim. The fresh oke piri of this vital canal, now soon, has not disrupted maritime trade, raising the prices of some commodities and giving us a glimpse of a ship jam of unseen proportions on planet earth. The canal, from the Mediterranean to the Red Sea, carries 19,000 ships a year and accounts for 12% of world trade by volume, jammed when a 400-meter-long Japanese ship called on March 23 Given anytime Married diagonally across its width. Its operator said the wind was the cause. On Monday, news came that the giant ship had been released, but it was not yet clear when Suez would return to work.

The interruption lasted a little over a week, with Suez saving ships that prefer this route rather than the alternative around the territory of Africa. Fears that imports will run low — there may be small gaps — could be stopped now. Those of us who have rushed to store maple syrup and pink salmon can easily breathe he. The impact of the stalemate on world oil prices is not very sharp, but the fact that oil tankers are turning around again will also bring relief on that score.

In terms of geopolitics, this crisis, as far as it can be described, does not even deserve a footnote in history. However, unlike what happened in 1956, this may indicate a change in world power before it is confirmed. The price of oil in US dollars was determined as part of a US-Saudi agreement on a ship in the same area. Today, China is the largest exporter in the world, and its digital yuan wants to be the currency for world trade.

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