UPDATE: MEXICO AGREES TO HOST IRAN’S WORLD CUP TEAM AFTER U.S. DECLINES TO ACCOMMODATE SQUAD, SHEINBAUM SAYS. (PHOTO).

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 Mexico agrees to host Iran’s World Cup team after U.S. declines to accommodate squad, Sheinbaum says    Mexican President Claudia Sheinbaum said Monday that Mexico has agreed to host the Iranian national football team during the upcoming World Cup after the United States declined to accommodate the squad. Sheinbaum said the decision followed a request from FIFA, which sought an alternative arrangement after U.S. officials indicated they did not want Iran’s team staying in the country for the duration of the tournament, even though Iran is scheduled to play all of its group-stage matches on U.S. soil. “We have no reason to deny them the possibility of staying in Mexico,” Sheinbaum said during her daily press conference, adding that Mexico accepted the request in coordination with tournament organizers. Iranian football federation officials said the team’s base of operations would be relocated from Arizona to Tijuana, near the U.S.-Mexico border, to simplify travel logisti...
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EGYPT INCURS $10 BILLION IN SUEZ CANAL LOSSES OVER GAZA WAR, PRESIDENT SAYS. (PHOTO).

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 Egypt incurs $10 billion in Suez Canal losses over Gaza war, president says


Egypt has lost about $10 billion in Suez Canal revenues due to attacks on shipping in the Bab al Mandab Strait as a result of the Gaza war, Egyptian President Abdel Fattah al Sisi said.


Speaking during a meeting in Cairo with Mathias Cormann, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), Sisi said continued attacks on ships in the Bab al Mandab Strait, a key maritime chokepoint linking the Red Sea to the Gulf of Aden, had sharply reduced traffic heading to the Suez Canal, the presidency said in a statement, Anadolu Agency reported.


Bab al Mandab is one of the world’s most strategic shipping routes for energy and food supplies, alongside the Suez Canal and the Strait of Hormuz.


Attacks on shipping began in November 2023 when Yemen’s Houthi group launched drone and missile strikes targeting vessels in the Red Sea in a show of support for Palestinians facing Israeli attacks in Gaza, where more than 72,000 people have been killed in deadly Israeli strikes since October 2023.


Decline in number of transit ships


These attacks have led to a sharp decline in the number of ships transiting the canal, one of Egypt’s main sources of foreign currency.


According to Osama Rabie, head of the Suez Canal Authority, canal revenues dropped by 66% in 2024 to $3.9 billion, down from about $10.2 billion in 2023.


On April 12, the Houthis warned they would escalate attacks in the Red Sea if Israeli and US attacks on Iran resumed.


Regional tensions have escalated after the US and Israel launched strikes against Iran on February 28, triggering retaliation from Tehran against Israel, as well as US allies in the Gulf, along with the closure of the Strait of Hormuz.


Ceasefire


A two-week ceasefire was announced on April 8 through Pakistani mediation, followed by direct talks in Islamabad on April 11, but no agreement was reached on a lasting truce.


US President Donald Trump later extended the ceasefire without setting a new deadline, following a request from Pakistan.

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