According to Al-Ahram, two Egyptians were offered 50 million Egyptian pounds by Iranian agents to attack an Israeli ship in the Suez Canal.
Soliman Rizq Abdel Razeq, from Sheikh Zayed in Ismailia governorate, was planning to attack the ship from East Kantara.
Abdel Razeq allegedly tried to recruit accomplices and said his aim was to damage the economy.
Salama Ahmed Salama Soliman, also from Sheikh Zayed, joined the alleged plot and was arrest along with Abdel Razeq.
Both men have been detained for 15 days pending further investigations.