The Suez Canal Crisis: A $9 Billion Daily Toll

The 2021 Suez Canal blockage cost the global economy nine billion dollars per day.

And here is why that matters more than you think. When that ship

got stuck for six days, it didn't just delay shipments. Supply chains collapsed

instantly. European factories ran out of parts. Oil prices spiked twelve percent.

The inflation surge that followed wasn't temporary. Shipping costs quadrupled and never fully

recovered. Companies passed those costs directly to consumers, triggering persistent inflation

across developed economies. Logistics employment increased as firms rerouted goods, but manufacturing jobs

declined without materials. The UK saw food prices jump. This single event proved how fragile