Suez Canal Crisis 2024 Case Study. In the first two months of 2024, suez canal trade dropped by 50 percent from a year earlier while trade through the panama canal fell by 32 percent, disrupting supply. Recent attacks on commercial vessels in the red sea have severely affected shipping through the suez canal, adding to existing geopolitical and climate.

Since november, they have intensified attacks against ships passing through the narrow waters towards the suez canal, claiming they have been targeting those. At the same time, conflict in the red sea and reduced access to the suez canal are leading companies to reroute shipping around the cape of good hope,.