Question

Explain the economy significance of this canal to Europe and Asia​

Answer 1

Answer:

The Suez Canal has been considered, since its es- tablishment in 1869, as the most important artery and waterway for world trade between East and West. It is the most important waterway for moving petroleum between the production sources and consumption markets.

Explanation:

Answer 2

Answer:

here it is

Explanation:

Considering that the ship remained stuck for nearly a week, the impact is huge. The Suez Canal is a conduit for about 12% of world trade and was responsible for the transit of over 19,000 ships in 2019, or nearly 1.25 billion tonnes of cargo. Being such a key route, the blockage is likely to have a significant impact.