Jaws Analysis

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Current Event

With all of the recent unrest in Egypt, there have been speculations about the accessibility of the Suez Canal in the near future. This canal is of major importance as it connects the Mediterranean Sea and the Red Sea—a much shorter trip than traveling around Africa. The Suez Canal allows shipping between Europe and Asia and is a major mode of transportation for shippers carrying a wide variety of supplies. Currently, speculators are most worried about the possible termination of the shipping of oil and military assets.

The canal is controlled by the Suez Canal Authority of Egypt. In an international treaty, it is stated that the canal may be used "in time of war as in time of peace, by every vessel of commerce or of war, without distinction of flag.” Many are worried that a violation of this statement will occur, potentially causing a huge devastation to the economy that flows through the canal.

The escalating worry about this canal shows the importance that water still holds on the world today. Exclusive control of such a major waterway has the capability to wreak havoc on an economy that relies so heavily on water to transport needed materials. Water is and has always been of major importance to situations such as these—whether it will be an asset or a detriment has yet to be decided.