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Oil gains more than $3/bbl after Suez Canal ship grounding

Published by linker 5

Posted on March 25, 2021

1 min read

Last updated: January 21, 2026

Container ship runs aground in Suez Canal impacting oil prices - Global Banking & Finance Review — A large container ship runs aground in the Suez Canal, blocking traffic and causing a rise in oil prices. This incident highlights the impact of global shipping disruptions on oil trading amid European lockdowns.