Drone Strike on Egypt Port Raises Shipping Risks through Suez Canal

A drone strike on two gas vessels in Egypt's Damietta port has raised concerns about shipping through the Suez Canal, a crucial export route for Saudi oil. The unidentified drone sparked fires on the US-owned gas storage tanker Energos Winter and another vessel.

No one has claimed responsibility for the attack, but Iran has denied any involvement, with Foreign Minister Abbas Araqchi saying that Egypt's security is of utmost importance to them.

The strike heightens risks to shipping through the Suez Canal, which links the Mediterranean and Red Seas. The waterway is a vital export route for Saudi oil since the start of the Iran war, according to energy analysts.