Why was the Suez Canal important for trade between Europe and Asia?

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The Suez Canal is vital to trade between Europe and Asia because it provides the shortest maritime route between the two continents. By connecting the Mediterranean Sea to the Red Sea, the canal allows vessels to bypass the long and arduous journey around the Cape of Good Hope at the southern tip of Africa.12

Since its opening in 1869, the canal has functioned as a critical artery for global commerce. By enabling this direct passage, it significantly increased the strategic importance of the Bab el-Mandeb Strait, which serves as a key gateway for this route. Today, the canal remains one of the world’s most heavily used shipping lanes, facilitating a substantial portion of global container and oil trade.321