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المصري اليوم
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Oil Near $100 and Egypt's Response
Global oil prices have risen close to $97 per barrel due to tensions between the United States and Iran, as well as navigational disruptions in the Strait of Hormuz, despite Tehran's efforts to reach a temporary agreement with Oman. Goldman Sachs Bank warned that prices could climb to $120 per barrel if attacks on ships increase or if oil supplies are disrupted. For Egypt, a rise in the price per barrel to $100 or more places additional pressure on the oil import bill, leading to higher inflation and exacerbating pressures on the national budget, especially if high price levels persist for extended periods.
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