Egyptian President Abdel Fattah al-Sisi has called on U.S. President Donald Trump to leverage his influence to de-escalate tensions with Iran, warning that prolonged conflict could destabilize global energy markets and send oil prices soaring above $200 a barrel. Speaking at the Egypt Energy Show Conference on March 30, Sisi emphasized that Trump remains "the only one capable" of mediating the crisis, which he said threatens to trigger unprecedented supply shocks.
"The ripple effects of this conflict will extend far beyond regional security," Sisi stated, addressing an audience of energy executives and diplomats. "If left unchecked, we risk a global economic downturn that could take years to recover from." His remarks come as analysts project a 30% drop in Middle Eastern oil exports if hostilities intensify, potentially crippling industries reliant on affordable energy.
Business leaders and investors are closely monitoring developments, with Brent crude already trading at a four-year high of $165 this week. Sisi’s warning underscores growing concerns among APEC members and WTO economies about inflationary pressures and disrupted trade routes. Meanwhile, travelers to Asia are advised to prepare for potential fuel surcharges and logistical delays affecting regional airlines.
