Strike and riots threaten one of the world's most important trade route

6000 Suez Canal operator started to stike today, demanding higher wages. The channel management stresses that the ship traffic is smooth, while the price of Brent oil rose above  100 USD again, due to the effect of the uncertainties.

The Business Insider estimates that around 8 percent of world’s GDP is “flowing through” the Suez Canal each year, a  daily average 2.4 million barrels of oil transported throgh the channel. Egypt is not a significant player in the global economy, but because of the riots the financial markets are increasingly nervous, resulting in a rise in oil prices – reports Világgazdaság Online, after Business Insider.