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ECONOMY

Iran says North-South Corridor low-risk alternative to Suez Canal

An Iranian diplomat says the International North-South Transport Corridor (INSTC) can serve as a low-risk, profitable alternative to the Suez Canal, which has been blocked in the past few days, causing billions of dollars in damages every day.

INSTC

EGYPT

Human error could be behind ship's grounding in Suez Canal: Official

Egypt's Suez Canal chief says technical or human errors can be behind the grounding of a huge container ship blocking the Suez Canal.

Egypt

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