Suez Canal Revenue Drops Almost 25% amid Houthi Attacks

The chairman of the Suez Canal Authority (SCA) warned on Thursday that the pivotal shipping passage lost nearly 25 percent of its revenue in the 2023-2024 fiscal year, largely as a result of attacks on civilian commercial ships by Yemen’s Iran-backed Houthi terrorists.

FILE - A cargo ship sails through the town of Ismailia, Egypt, March 30, 2021. Houthi rebe

Iran Heads to Rare Runoff in Sham Presidential Race with Record Low Turnout

Iran’s “moderate” reformist candidate Masoud Pezeshkian, once dismissed as a dark horse with little chance of winning the emergency election to replace the late President Ebrahim Raisi, managed to become the frontrunner by about a million votes when the results were announced on Saturday. Pezeshkian could not get past the 50 percent threshold to win outright, so he will face hardliner Saeed Jalili in a runoff election on July 5.

TEHRAN, IRAN - JUNE 28: Iranian presidential candidate Masoud Pezeshkian cast his vote for