Iran says it can be alternative to The Suez Canal after ship stuck: What you need to know
Tehran is now talking about a 7200 km kultimode route with Russia and India. Iran has indicated it wants to take advantage of the current chaotic situation in the Suez Canal, by suggesting itself as a way to link Asia and Europe.
Iran has indicated it wants to take advantage of the chaos in the Suez Canal by proposing itself as a way to link Europe and Asia.
“An Iranian diplomat says the International North-South Transport Corridor 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,” according to Iran’s Press TV.
Kazem Jalali, the diplomat in question, is the Iranian ambassador to Moscow. He says that goods can reach Europe by Iran in 20 days and costs can be decreased. “Therefore, it is a superior option to replace the Suez Canal in transit,” Jalali added.
Iran has been seeking to develop rail and road links and rehabilitate its ports.
“Iran, together with India and Russia, is pushing forward with the sea and rail corridor that could substantially reduce the time and cost of shipping goods from India to Europe,” according to the report.