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Trump’s Suez Power Play Threatens To Drag Egypt Into War

President Donald Trump’s call to permit the free passage of American ships through Egypt’s Suez Canal has sparked public outrage across a nation already in steep economic decline. While Washington appears to feel entitled to Cairo’s trade route, U.S. policies have long contributed to Egypt’s financial crisis. Earlier this week, Trump announced immediate action was being taken to allow U.S. ships to transit through both the Panama and Suez canals free of charge. While the move will likely deal an economic blow to Panama City, Cairo is already teetering on the brink.

‘Landmark’ Global Shipping Agreement Reached After Years Of Talks

After nearly a decade of negotiations, nations have come to a “landmark” global shipping agreement to reduce greenhouse gas emissions. The new International Maritime Organization (IMO) Framework introduced a carbon pricing mechanism that will require ships with high emissions to pay for the excess pollution they release, reported UN News. It also sets mandatory fuel standards for the shipping industry. “Ships must reduce, over time, their annual greenhouse gas fuel intensity (GFI) – that is, how much GHG is emitted for each unit of energy used,” a press release from IMO said. “Ships emitting above GFI thresholds will have to acquire remedial units to balance its deficit emissions, while those using zero or near-zero GHG technologies will be eligible for financial rewards.”

Maersk Exports Cargo From Illegal Israeli Settlements To The US

A new report details a shipping and logistics giant’s role in sustaining illegal Israeli settlements in occupied Palestine and Syrian territories. A.P. Moller Maersk is a publicly traded Danish company that netted a revenue of $51.1 billion in 2023. According to research compiled by the Palestinian Youth Movement (PYM) and its Mask off Maersk campaign, the company has repeatedly facilitated shipments to the United States from illegal settlements in the occupied West Bank and the Syrian Golan Heights. “The global structures of financialized capitalism, logistics and supply chains play an outsize role in the maintenance of extraction and accumulation.
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