https://indianexpress.com/article/explained/explained-global/ben-gurion-canal-suez-israel-9021520/
It has been speculated that one of the reasons behind Israel’s desire to eliminate Hamas from the Gaza Strip and completely control the Palestinian enclave is to give itself the chance to better explore a dramatic economic opportunity that has been talked about for several decades, but for which peace and political stability in the region is an essential prerequisite.
The idea is to cut a canal through the Israeli-controlled Negev Desert from the tip of the Gulf of Aqaba — the eastern arm of the Red Sea that juts into Israel’s southern tip and south-western Jordan — to the Eastern Mediterranean coast, thus creating an alternative to the Egyptian-controlled Suez Canal that starts from the western arm of the Red Sea and passes to the southeastern Mediterranean through the northern Sinai peninsula.