Red Sea Conflict Hits Egypt, Other Parts of the Region

cairo - Egypt's economy is facing serious hurdles after revenue from the country's most strategic asset - the Suez Canal - has dropped by nearly half. Attacks by the pro-Iranian Houthi militia group on ships passing by Yemen has made merchant ships avoid the Red Sea and the canal.

The Greek-flagged grain ship Sea Champion was slightly damaged Wednesday by two ballistic missiles fired by the northern Yemen-based H