Egypt’s Suez Canal has been an important artery for global commerce since it opened in 1869.

Now, this lifeline is being threatened as the Houthis, the rebel group backed by Iran who control most of northern Yemen. In the wake of the Oct. 7th terrorist attack on Israel, these militants have been using drones and missiles to target ships sailing in the Red Sea.

Subsequently, several important shipping and oil companies are now avoiding the Suez Canal, a development that will impact the speed and expense related to global trade.

The Suez is a vital artery for container ships and fuel tankers. Goods and fuel from Asia and the Middle East have made their way to Europe and the United States through the passage since it opened in 1869. Britain and other world powers have fought wars and engaged in geopolitical intrigue over the canal, controlled by Egypt now, for more than a century…