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Egypt heavily impacted by Iran, Gaza, Ukraine fires
The article discusses Egypt's diplomatic efforts to de-escalate regional tensions, particularly related to conflicts in Iran, Gaza, and Ukraine. The Foreign Minister confirmed that Egypt is working with countries such as Qatar, Pakistan, Turkey, Saudi Arabia, and the United States, alongside Iran, to achieve a diplomatic balance. He emphasized that military escalation worsens the situation and harms global interests, especially in energy and food security. Egypt is experiencing significant economic losses, including a decline of $11.5 billion in Suez Canal revenues and a reliance on importing 80% of its wheat from Russia and Ukraine due to maritime navigation disruptions. He explained that current escalation also damages Gulf countries and Africa, hampers energy product exports, and that President Sisi is leading efforts to reduce tensions in cooperation with Arab leaders.
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