Thegrio Politics
@thegriopolitics·150K subscribers·8.3K videos
Suez Canal blocked by container ship, passage temporarily suspended
Posted
March 25, 2021
Views
227
Likes
4
Engagement
1.76%
March 25, 2021
227
4
1.76%
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4:49Now PlayingAuthorities in Egypt are working to move a giant container ship stuck in the Suez Canal. BNC Chief Foreigner Affairs Nayyera Haq spoke about the temporary suspension of navigation through the canal. The blockage is causing traffic in one of the world’s busiest shipping areas.
Haq speaks about the short-term effect the blockage can have on crude oil, which is used for gas, of a 15-day delay. In addition, what it would mean supply and demand in the long term if it takes a while for the suspension to be lifted and if Europe shuts down again.
#BNC #SuezCanal #Oil
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