Egypt cuts fuel amid power crisis

Author: Sarah ShamimPublished on: April 7, 2026Country: Egypt

PoliticsBusiness & Economy

The US-Israel war on Iran has triggered a global fuel crisis, with thousands of tankers stranded in the Strait of Hormuz. The Egyptian government stated it is among the best-performing countries in addressing the crisis through fuel-saving measures. Pressure on oil and gas markets is mounting due to the near-total halt of shipping through the Strait of Hormuz and airstrikes on key energy facilities in the Gulf.

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