Here’s how a blocked Suez Canal can affect prices of goods and oil

A massive container ship is still blocking the Suez Canal in Egypt since Tuesday morning, bringing cargo-ship traffic to a standstill. The hold-up will affect “basically anything you see in the stores” as the canal is responsible for 12% of the world trade. The container ship—the Ever Given, is operated by the Evergreen Marine Corporation. It … Continue reading Here’s how a blocked Suez Canal can affect prices of goods and oil