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Ever Given crude oil futures
Recently, a container ship from Taiwan Province Province blocked the world's busiest Suez Canal. When the Ever Given cargo ship from Taiwan Province Province arrived at the Suez Canal, its hull deviated from the channel and lay directly in the middle of the Suez Canal due to the strong gust. It should be noted that the Suez Canal has always been famous for its narrowness. It happened that the ship was very big, 400 meters long and nearly 50 meters wide, but the hull ran aground in the narrowest part of the Suez Canal. The Suez Canal lights up with red lights, and ships line up in long queues, which is a wonder of the world.

Every 27 minutes, a huge ship passes through the Suez Canal, carrying 12% of the total world trade. A boat stuck here for a minute will lose a lot of money. The staff of Suez Canal is hard to break. First, they towed it with a tugboat, but it didn't work at all. Now, they can only use the dredging machine to clean up the silt bit by bit, and then they can drag the boat out. According to experts' prediction, it will take at least a week to pull the ship out, which directly leads to hundreds of giant ships being trapped here. Being stuck here will naturally lead to delayed delivery, and delayed delivery will naturally face millions of compensation. Most of these huge ships are loaded with millions of tons of oil, which will inevitably lead to a rapid rise in international oil prices. It can be said that a ship raised the global oil price on its own.

Suez Canal is the first artery connecting Asia, Africa and Europe, with a total length of 190 km, but it has always been known for its narrowness, with the narrowest point of more than 400 meters. However, the length of the giant ships we are making now is more than four or five hundred meters. If they want to cross the canal, it will inevitably bring great risk of blockage to the canal. Before the opening of 1876 Suez Canal, European ships had to bypass the Cape of Good Hope at the southernmost tip of Africa to reach all parts of Asia, and the southernmost tip of Africa, also known as the Cape of Storm, was the grave of the crew.

/kloc-In the late 20th century, the French first thought of digging the Suez Canal. Later, the British directly bought 50% of the shares of the Canal Company with great strength. Since then, Britain and France have controlled the navigation rights of the Suez Canal, but Egypt along the canal has not received a dime. Until 1954, Egypt launched the canal internationalization movement under the leadership of Nasser. 1956, under the great pressure of the United States and the Soviet Union, Britain and France despondently handed over the sovereignty and control of the canal to Egypt. The canal can bring Egypt 5 billion dollars in income every year and become one of the economic pillars of Egypt.