#egypt
President Abdel Fattah El-Sisi warned on Sunday, 1 March, that any closure of the Strait of Hormuz would disrupt global oil flows, drive up energy prices, and further impact Egypt’s economy, including revenues from the Suez Canal, during the Armed Forces’ annual iftar marking the anniversary of the 10th of Ramadan victory. Speaking at the event, Al-Sisi said Egypt is closely monitoring the rapidly escalating regional developments and has taken precautionary measures to secure strategic reserves, while studying multiple scenarios…
