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Iran Reaction to Suez Canal blocked: International North-South Corridor a low-risk alternative


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. Kazem Jalali, the Iranian ambassador to Moscow, tweeted on Saturday that the INSTC can reduce the travel time [from India to Europe] to 20 days and decrease the costs by 30 percent. “Therefore, it is a superior option to replace the Suez Canal in transit,” Jalali added. He said the recent shutdown of the Suez Canal caused by the stranded ship Evergreen indicates that an alternative…

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