Affected by the ongoing tense situation in the Red Sea, the traffic volume of ships on the Suez Canal in Egypt has significantly decreased. According to the Suez Canal Authority's announcement on the 3rd, the canal's revenue in January this year decreased by nearly half compared to the same period last year. "Our revenue in January last year was $804 million, compared to $428 million in January this year, which means a decrease of 46%," said Osama Rabier, Chairman of the Suez Canal Authority, to the media. In January this year, the vessel traffic in the Suez Canal decreased by 36% year-on-year. On January 13th, a cargo ship sailed on the Suez Canal in Ismailia Province, Egypt. The Suez Canal connects the Red Sea and the Mediterranean, with an important strategic location. Canal revenue is the main source of Egypt's national fiscal revenue and foreign exchange reserves. After the outbreak of a new round of Palestinian Israeli conflict on October 7th last year, Yemeni Hussai militants frequently attacked ships associated with Israel in the Red Sea area to show their support for Palestine. The Husai militants said that the attacks will only stop if Israel ceasefire and allows humanitarian aid to flow smoothly into the Gaza Strip. The United States led the formation of the Escort Alliance in December last year, and issued an ultimatum to the Hussain armed forces in early January this year. Starting from the 12th of the same month, it launched continuous attacks together with Britain. According to Masila TV, which is controlled by the Yemeni Houthi armed forces, on the evening of this month, the United States and Britain launched airstrikes on Houthi armed targets in the capital Sanaa and other provinces. Multiple US media outlets have reported, citing unnamed US officials, that the US and UK hit more than 30 targets of Houser militants in at least 10 locations on the 3rd. Due to the ongoing tense situation in the Red Sea, several international shipping companies have temporarily avoided the Suez Canal route that needs to pass through the waters of the Red Sea. Earlier this month, Rabiyah said that although Egypt has introduced measures such as discounted tolls to attract merchant ships, it is not enough to offset the safety concerns of shipping companies. (Lai Xin She)