MSC, the world's largest container carrier, is launching a new service to minimize disruptions caused by the effective closure of the Strait of Hormuz.

The reported closure of the Strait of Hormuz is forcing a major shift in regional logistics, with container shipping traffic increasingly rerouted to land-based corridors.

Maersk will resume sailings through the Red Sea and Suez Canal later this month, marking the first major step toward ending a two-year disruption caused by attacks on ships by Yemeni Houthi rebels.

The Middle Corridor — formally known as the Trans-Caspian International Transport Route (TITR) — has rapidly transformed from a little-known regional pathway into one of the most strategically important trade arteries on the Eurasian continent. Stretching from China across Kazakhstan, the Caspian Sea, Azerbaijan, Georgia, and Türkiye before entering Europe, this multimodal route is increasingly seen as a viable alternative to the Russian Northern Corridor and the vulnerable maritime passages through the Red Sea and Suez Canal.

The long-anticipated Russian naval facility in Sudan, once touted as one of Moscow’s most strategically ambitious military projects outside the post-Soviet space, has again dissolved into uncertainty.

A Russian-affiliated tanker previously held by the French navy has resumed its journey toward the Suez Canal on Friday, now with its captain back on board.

The Central Bank of Egypt (CBE) announced on Monday that revenues from Suez Canal transits have dropped by 62.3 percent.

By Tural Heybatov

Egypt has experienced a significant revenue loss of $6 billion from the Suez Canal due to rising geopolitical tensions in the region, President Abdel Fattah al-Sisi announced on Sunday.