Suez Canal traffic soars as Hormuz disruptions reroute energy trade The canal generated $419 million in revenue in April, up 27% year over year. Egypt
Somaliland's first ambassador to Israel announces embassy in Jerusalem: What to know Israel was the first country to recognize the breakaway region on the Horn of Africa last year. Israel
Rubio hosts Ethiopia’s FM amid push to boost security ties: What to know In response to heightening regional volatility, Ethiopia is prioritizing a strategic partnership with the Washington to secure its geopolitical standing. Sudan
Egypt's economy can weather more Red Sea attacks, says finance minister Egypt lost some $13 billion worth of Suez Canal fees over two years due to Houthi attacks in the Red Sea, according to estimates from Egyptian officials. Egypt
Intel gap vexes US Navy's hunt for Houthi missile smuggling Military officials admit the US Navy and its allies haven’t had much success interdicting the flow of advanced weapons components — warheads, computer guidance systems and the like — from Iran to the Houthis. Legacy: Gulf
Red Sea trade hit can be 'managed' amid weak global demand, says WEF Maroun Kairouz, director of the World Economic Forum for the Middle East and North Africa, told Al-Monitor that the Israel-Hamas conflict has not had a material impact on global energy markets so far. Yemen
