The turmoil in Egypt continues, yet there’s no danger of the Suez Canal being shut down writes Tim Fernholz:

• 3% of the world’s oil supply, and 8% of global trade goes through the canal.
• It is an important source of revenue for Egypt – it contributed $2.4 billion to GDP in the first half of 2013.
• It provides about 10% of Egypt’s currency reserves – and they’ve fallen to less than $10 billion this year.
• Therefore the Egyptian government – whether military or Islamist – needs the canal, and ensuring its security is one of the country’s top priorities.

Read more about why it can’t be used as a bargaining chip over here.

Source: Quartz