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Osama Kamal: Government May Adjust Priorities for Fuel Supply
The article discusses the current state of oil markets and regional tensions. Engineer Osama Kamal pointed to escalating events in the Middle East, including actions by the Houthis at the Al-Mokha port and closures in the Bab al-Mandab straits, as well as the targeting of the Saudi oil pipeline by drones coming from Iraq. He noted that the price of Brent crude oil rose from $90 to over $112 per barrel during this month. He also anticipated developments in the next 48 hours and mentioned that the Egyptian government is preparing to face the potential repercussions, possibly re-evaluating its priorities to support the fuel sector amid ongoing ambiguity and escalation in the region.
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