The Suez Canal Today
The Suez Canal has been controlled by Egypt since 1956.
It is a major shipping lane, used everyday.
It is important in today's world because a large amount of valuable goods, such as oil need to be shipped through it to reach the rest of the world. Without the Canal, the world's trade would have to round the Cape of Good Hope, not only endangering those who ride the ships but also adding time and expenses onto the trip.
It sees an estimated 8% or more of the world's trade each year.
There are fears that the revolutions in Egypt could result in the closing of the Suez Canal, which would totally disrupt world trade and cause economic problems everywhere.
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