No. You did not read any such thing.
14% of Egypt’s entire national GDP comes from Suez Canal shipping fees.
Egypt ain’t closing 14% of their economy.
Egypt has **HEAVILY** militarized the Suez Canal Zone in order to prevent anyone else from closing it, too.
Looks like I quit typing before I finished my thought, lol.
I think Egypt intends to close the canal to MILITARY traffic.
Sorry!