Europe set to copy Egypt’s Suez Canal tolls with £20bn new canal plan amid Strait of Hormuz tensions

Europe set to copy Egypt’s Suez Canal tolls with £20bn new canal plan amid Strait of Hormuz tensions

Rising tensions across the Strait of Hormuz have heightened concentrate on different maritime chokepoints, rising consideration on Turkey’s Istanbul Canal. The waterway would run parallel to the Bosphorus Strait, providing Europe a Suez Canal-style transport route succesful of dealing with round 160 vessels or oil tankers annually. In flip, the challenge would permit Turkey to…

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