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Lamis Al-Hadidi: Blocking Hormuz, Bab el-Mandeb impacts pencil prices
The article discusses the impact of closing the Strait of Hormuz and the Bab el-Mandeb Strait on the Egyptian economy. It emphasizes that ongoing disruptions in these strategic waterways could lead to an increase in oil prices, imported goods, and global shipping and insurance costs. The piece highlights that these factors form an interconnected system that affects food and energy prices, with long-term risks to the Egyptian economy—especially in light of ongoing regional challenges warned about by President Abdel Fattah El-Sisi.
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