The Egyptian Center for Strategic Studies (ECSS) revealed in a research paper published on the tensions in the Middle East resulting from the Iranian attack, which is expected to have repercussions on global energy markets.
From geopolitical tensions to economic dynamics, a multitude of factors has contributed to the escalation of fuel prices globally.
This decision comes amidst rising global oil prices exacerbated by conflicts such as the Gaza war and preceding the Russo-Ukrainian war.
It was decided to increase the price of gasoline and diesel by one Egyptian pound.
The agreement aims to export the additional crude oil produced from the North Safa and Al Wasl fields, one of the components of the Gulf of Suez mixture, to the global market for the first time.
