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.

What is the significance of the Suez Canal for global trade?

How does the blockage of the Suez Canal affect energy markets?

Can you describe any past incidents of blockage in the Suez Canal?

What historical events led to major blockages in the Suez Canal?

What could be the potential consequences if the blockage lasts for an extended period?