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Suez Canal backlog is CLEARED: More than 400 supertankers stuck in shipping traffic jam are freed


Suez Canal backlog is CLEARED: More than 400 supertankers stuck in shipping traffic jam are freed after week-long backlog which cost billions
Traffic on the canal, a conduit for over 10 percent of world trade, had begun moving again on Monday 
It comes after the 200,000-tonne Ever Given was refloated, after it became jammed blocking the vital route
Egypt s Suez Canal Authority has now said that the traffic back-log that built up on the canal has cleared 
The wedging of the Japanese-owned, Taiwanese-operated ship had created tailbacks north and south totalling over 420 ships, with billions worth of cargo sitting in the canal, waiting for the Ever Given to move ....

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Middle East: Saudi puts end to Gulf crisis, lifts embargo on Qatar: The significance of the move, explained


Updated Jan 06, 2021 | 13:15 IST
Qatar has been closed off from Saudi Arabia since mid-2017, when Saudi Arabia, the UAE and Bahrain launched a boycott against the gas-rich Gulf state.
The Mirror Concert Hall, where the 41st Gulf Cooperation Council (GCC) is being held, in Al-Ula, Saudi Arabia.  |  Photo Credit: AP
Key Highlights
Since 2011, Qatar s posturing indicated that it sought to pursue an independent foreign policy, refusing to act simply as yet another junior partner to Saudi Arabia
Iran has also been central to the dispute between the Saudis and the Qataris
While the latest development marks a significant breakthrough in relations between Saudi Arabia and Qatar, there are still plenty of issues that need ironing out ....

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