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of <h1>Suez Canal Revenue Plummets to $3.991B in 2024, Houthi Attacks Slash Maritime Traffic by Half</h1> Egypt's Suez Canal revenue dramatically dropped to $3.991 billion in 2024, compared to $10.25 billion in 2023, due to regional tensions and conflicts. Houthi rebel attacks in the Red Sea significantly disrupted maritime trade, reducing ship traffic by 50% from over 26,000 to 13,213 vessels. The canal, a critical global trade route, continues to operate despite challenges, with international trade volume substantially impacted.
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