Egypt raised Suez Canal transit surcharges from 15 July as ships reroute away from Hormuz

Egypt's Suez Canal Authority raised transit surcharges from 15 July 2026 for most vessel types, including tankers, gas carriers, bulk carriers and container ships. The decision comes as canal traffic rises, with the Strait of Hormuz crisis steering some ships toward Egyptian-controlled waters.

According to official data, Egypt's Suez Canal revenue reached about $419 million in April, roughly 27 percent higher than a year earlier and the highest monthly level since the start of 2024. The number of oil tankers transiting the canal in the early months of the year rose about 28 percent from the same period last year.

The trend shows how the disruption in the Strait of Hormuz is reshaping global energy routes and the revenues of countries on alternative paths.