Cabinet Spokesman Mohamed El-Homosany said the meeting of the government’s “crisis group” aims to ensure continuous monitoring of rapidly evolving regional and international developments and to assess the repercussions of the military escalation in the region, particularly its impact on global trade and supply chains. He added that the meeting reviewed the latest developments related to military operations against Iran and the recent escalation in the region, including Tehran’s targeting of several Gulf states, as well as the potential effects on global energy markets, especially oil and gas prices. Homosany noted that ministers and relevant authorities presented updated scenarios prepared to address the possible repercussions of these developments as part of efforts to prepare for any potential impact on the domestic market. The meeting also reviewed the current political situation of the crisis and ongoing international and regional efforts aimed at containing the escalation and reaching a political settlement that could help end the conflict and limit its impact on regional stability and the global economy. Homosany added that the government will continue closely monitoring developments and take necessary measures to address any scenarios related to the crisis in a way that safeguards the stability of the Egyptian economy and strengthens its ability to withstand external challenges.
