Ship blocking Suez Canal is beginning to affect the global economy


A satellite image shows stranded container ship Ever Given after it ran aground in Suez Canal, Egypt March 25, 2021.

CNES Airbus DS | Reuters

The Ever Given, one of the world’s largest container ships, is still wedged in the Suez Canal, and the economic effects from the blockage — now in its fourth day — are beginning to unfold.

White House Press Secretary Jen Psaki said Friday that the U.S. is monitoring the situation closely. “We’ve offered U.S. assistance to Egyptian authorities to help reopen the canal…those conversations are ongoing,” she said during a press briefing, before adding that there could be “some potential impacts on energy markets.”

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