Suez Canal activity experienced a less steep drop in traffic in the third quarter of fiscal 2024–25 than in last year's third quarter. 

According to a statement issued by Egypt's Ministry of Planning, Economic Development and International Cooperation, Suez Canal activity dropped by 23.1% year over year in the third quarter of the fiscal year, compared to a plunge of 51.6% in Q3 FY2023–24.

According to Zawya, in March, President Abdel Fattah El-Sisi revealed that Egypt incurs monthly losses estimated at $800 million in Suez Canal revenue due to regional instabilities.

In Q2, operations retreated by 70% due to geopolitical tensions that have caused a drop in the number of transiting ships.

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