Egypt's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on September 8 that Suez Canal revenues reached $505 million in July, a 42% year-on-year increase and the highest monthly level since December 2023. A total of 1,340 ships transited the canal that month, up 27% year-on-year.

The rebound in traffic is primarily due to the ongoing obstruction of the Strait of Hormuz caused by the Middle East conflict, which has prompted some oil-producing countries like Saudi Arabia to reroute a portion of their oil exports to the Red Sea, generating increased transit demand for the Suez Canal. Concurrently, some European shipping companies have resumed Red Sea routes, leading to signs of vessels that previously detoured via the Cape of Good Hope returning to the canal.

Osama Rabie, Chairman of the Suez Canal Authority, stated last week that full-year revenues for 2026 are expected to reach $5.8 billion to $6 billion, a significant increase from $4.1 billion in 2025.