Global oil prices rise after Egypt’s Suez Canal runs aground | 7NEWS

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  • 7NEWS Australia published this video item, entitled “Global oil prices rise after Egypt’s Suez Canal runs aground | 7NEWS” – below is their description.

    Global oil prices have risen after one of the world’s biggest cargo ships ran aground, blocking a major trade route. Egypt’s Suez Canal could be out of action for days, with other vessels queued up and supply chains under threat.

    7NEWS Australia YouTube Channel

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    In This Story: Egypt

    Egypt, a country linking northeast Africa with the Middle East, dates to the time of the pharaohs. Millennia-old monuments sit along the fertile Nile River Valley, including Giza’s colossal Pyramids and Great Sphinx as well as Luxor’s hieroglyph-lined Karnak Temple and Valley of the Kings tombs.

    The capital, Cairo, is home to Ottoman landmarks like Muhammad Ali Mosque and the Egyptian Museum, a trove of antiquities. 

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