Pressing challenges facing Egypt as a result of the Iran war

Public concern in Egypt is rising over the continuation of the Israeli-American war on Iran, amid fears of economic repercussions and difficult financial burdens that could weigh heavily on Egyptians, who have already endured considerable hardship after more than ten years under the rule of the current president, Abdel Fattah El-Sisi. Renewed strain is once again hanging over the Egyptian economy, already weakened at its core, as the repercussions of the war continue into their second week. Record increases in oil and gas prices have coincided with a sharp decline in the value of the Egyptian pound against the dollar, disruptions to shipping and trade through the Suez Canal, and a slowdown in tourism, pointing to a costly toll across […]