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Freighter blocking Suez Canal could have ‘critical impact’ on global trade: experts

Suez Canal
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Suez Canal has now grown to over 200 backlogged ships — 30 of which are oil tankers — ever since the major shipping passage was first blocked by a container vessel that ran aground earlier this week.According to data firm Refinitiv, another 100 ships are still en route towards the waterway.

The blockage, which could take weeks to clear up, is now concerning industry experts — with one saying the incident could have a ‘critical impact’ on global trade.

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