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Suez Canal Chief: Red Sea Crisis Did Not Create Sustainable Route to Replace Canal

Osama Rabie, Chairman of the Suez Canal Authority, speaks during an interview with Reuters in his office in the city of Ismailia, Egypt April 6, 2021. REUTERS/Mohamed Abd El Ghany/File Photo
Osama Rabie, Chairman of the Suez Canal Authority, speaks during an interview with Reuters in his office in the city of Ismailia, Egypt April 6, 2021. REUTERS/Mohamed Abd El Ghany/File Photo
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Suez Canal Chief: Red Sea Crisis Did Not Create Sustainable Route to Replace Canal

Osama Rabie, Chairman of the Suez Canal Authority, speaks during an interview with Reuters in his office in the city of Ismailia, Egypt April 6, 2021. REUTERS/Mohamed Abd El Ghany/File Photo
Osama Rabie, Chairman of the Suez Canal Authority, speaks during an interview with Reuters in his office in the city of Ismailia, Egypt April 6, 2021. REUTERS/Mohamed Abd El Ghany/File Photo

Suez Canal Authority Chairman Osama Rabie said on Wednesday that the Red Sea crisis did not create a sustainable route to replace the canal.

He also said that there were positive indicators for the return of stability in the region.

Iran-backed Houthi militants have attacked vessels in the Red Sea area since November 2023, disrupting global shipping lanes by forcing vessels to avoid the nearby Suez Canal and reroute trade around Africa, raising the costs for insurers.

Egyptian President Abdel Fattah al-Sisi said in December the disruption cost Egypt around $7 billion in revenue from the Suez Canal in 2024, Reuters reported.

That's a drop of more than 60% from its revenue a year before from the canal, Sisi said.

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Macron Tells Netanyahu Ordeal of Gaza Civilians 'Must End'

French President Emmanuel Macron waits to welcome the president of Iraq's autonomous Kurdistan Region for a working lunch at the Elysee Palace in Paris, on April 14, 2025. (AFP)
French President Emmanuel Macron waits to welcome the president of Iraq's autonomous Kurdistan Region for a working lunch at the Elysee Palace in Paris, on April 14, 2025. (AFP)
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Macron Tells Netanyahu Ordeal of Gaza Civilians 'Must End'

French President Emmanuel Macron waits to welcome the president of Iraq's autonomous Kurdistan Region for a working lunch at the Elysee Palace in Paris, on April 14, 2025. (AFP)
French President Emmanuel Macron waits to welcome the president of Iraq's autonomous Kurdistan Region for a working lunch at the Elysee Palace in Paris, on April 14, 2025. (AFP)

France's President Emmanuel Macron told Israel's leader during a phone call Tuesday that the suffering of Gazan civilians "must end" and that only a ceasefire in Gaza could free remaining Israeli hostages.

"The ordeal the civilian populations of Gaza are going through must end," Macron posted on X after the call with Prime Minister Benjamin Netanyahu.

He also called for "opening all humanitarian aid crossings" into the besieged Palestinian territory.

The United Nation has warned that Gaza's humanitarian crisis is spiraling out of control, with no aid having entered the territory for weeks.

Palestinian group Hamas said Monday that Israel had offered a 45-day ceasefire if it releases half of the remaining hostages held in Gaza.

A Hamas official told AFP that Israel had also demanded that the Palestinian fighters disarm to secure an end to the Gaza war, but that this crossed a "red line".

Macron said he told Netanyahu "the release of all hostages" and the "demilitarization of Hamas" were still an absolute priority for France.

He said he hoped for "a ceasefire, the release of all hostages, humanitarian aid, and then finally reopening the prospect of a political two-state solution".

Macron irked Israel last week when he suggested Paris could recognize a Palestinian state during a United Nations conference in New York in June.

Israel insists such moves by foreign states are premature.

But Macron has said he hopes French recognition of a Palestinian state will encourage not just other nations to follow suit, but also countries who do not recognize Israel to do so.

The creation of a Palestinian state alongside Israel is widely seen internationally as the only realistic way to resolve the decades-old conflict. Israel captured Gaza, the West Bank and east Jerusalem in the 1967 Mideast war, and the Palestinians want all three for a future state. The last serious and substantive peace talks broke down after Netanyahu returned to power in 2009.

A number of European states have recently recognized a Palestinian state in what is largely a symbolic move aimed at reviving the peace process.