Cairo: With oil prices soaring across the world to 14-month highs on the back of last night‚Äôs tumultuous events in Egypt where the army ousted President Mohamed Morsi, sources across the nation‚Äôs seaboard tell GulfShip News all ports and, most importantly, the Suez Canal are operating as normal.
‚ÄúThe army had moved to secure key infrastructure ahead of the June 30 protests against Morsi, and they have remained in place ever since,‚Äù said a source at Alexandria port.
‚ÄúWe do not see any hiccup in our operations. Ships are calling as planned,‚Äù said an executive at the Red Sea Ports Authority.
The Suez Canal Authority said in a statement that it didn’t expect the 2.4m barrels of oil that transit through the canal each day to be disrupted.