Suez Canal Blocked by Stuck Container Ship

The Suez Canal is a critical waterway for global trade, especially for oil and gas transport. A blockage can severely impact energy markets and shipping. Historically, major blockages were rare, with the last significant one occurring during the Arab-Israeli wars. The current situation is unprecedented if it lasts several days.

Why is the Suez Canal considered one of the world's busiest waterways?

• It connects the Atlantic and Pacific Oceans.

• It is a major route for oil and consumer goods.

• It is the longest canal in the world.

• It is used primarily for military purposes.

What is the significance of the Suez Canal for energy flows?

• It is primarily used for transporting coal.

• It handles about a million barrels of oil per day.

• It is the only route for oil transportation.

• It is not used for energy transportation.

What could be the consequence of a prolonged blockage of the Suez Canal?

• No significant impact on global trade.

• Major disruptions in global shipping and energy markets.

• Increased global shipping and energy market stability.

• A decrease in oil prices worldwide.

How often have major blockages occurred in the Suez Canal since 1975?

• Frequently, every few years.

• Rarely, with the last major one in the late 60s and early 70s.

• Never, it has always been open.

• Only during the 2016 and 2017 incidents.

What historical events were associated with the last major blockage of the Suez Canal?

• The six-day Arab-Israeli war and the Yom Kippur War.

• The Gulf War and the Iraq War.

• World War II and the Cold War.

• The Vietnam War and the Korean War.