20 Hrs
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المصري اليوم
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Lamis Al-Hadidi warns on Hormuz and Bab al-Mandab impact
Media figure Lamies El-Hadidi warns that regional developments in the Strait of Hormuz and the Bab el-Mandeb Strait are having a direct impact on the Egyptian economy, especially concerning the prices of goods and energy. She points out that continued closure of these straits and ongoing tensions threaten a rise in oil prices, which could affect fuel prices. In addition, they increase shipping and insurance costs, leading to higher prices for imported products. These developments present additional challenges for the Egyptian economy, as they influence the cost of living and the prices of goods and services.
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