The number of oil tankers crossing Egypt’s Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024, as the closure of the Strait of Hormuz spurred an alternative Red Sea energy route.
A total of 529 tankers transited that month, 28% more than the year before, according to state statistics agency CAPMAS. Broader traffic picked up too, with 1,182 vessels of all types making the journey — a 14% increase on April 2025.
