23 Hrs
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بوابة الفجر
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Ex-Deputy PM warns on Strait and Bab el-Mandeb risk
Are the Strait of Hormuz and Bab al-Mandeb disruptions threatening the global economy? Former Deputy Prime Minister Hisham Fahmi warned that escalation in the Gulf region and Yemen could lead to rising energy prices and basic commodities, increasing pressures on local currencies in Arab countries due to their direct impact on the energy and tourism sectors. He also emphasized that disturbances in these vital straits would affect global trade movement and supply chains, posing a threat to widespread economic stability both regionally and internationally.
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