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Strait of Hormuz Shipping Slows After Vessel Attack

Commodity vessel traffic at the Strait of Hormuz further slowed on Wednesday as operators continue to avoid the area amid heightened security concerns and uncertainties about how far Iran’s control could extend. As of early Wednesday, ship-tracking data on Kpler showed that just six commodity vessels transited the Strait of Hormuz on Tuesday, Reuters reports. The tanker traffic fell from nine…

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PM witnesses handover of SCZONE presidency

Prime Minister Moustafa Madbouly received Tuesday, August 18, 2026, Moustafa Shekhon, following President Abdel Fattah al-Sisi’s decision to appoint him chairman of the General Authority for the Suez…

  • Prime Minister Moustafa Madbouly formally received Moustafa Shekhon on August 18, 2026.
  • Walid Gamal al-Din acknowledged for advancing SCZONE as a global investment destination.
  • Shekhon pledged to continue SCZONE's success in attracting investment and developing sectors.

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