Sisi Pleads with Trump to Halt Gulf Conflict Amid Oil Crisis Fears
Egypt's President urged U.S. President Trump to prevent escalating conflict with Iran, highlighting potential economic fallout. Speaking at the Egypt Energy Show, Sisi warned of skyrocketing oil prices and supply shortages. His plea follows threats to global energy infrastructure and disruption fears in the Gulf region.
In a high-stakes plea at the Egypt Energy Show 2026, Egyptian President Abdel Fattah al-Sisi appealed to U.S. President Donald Trump to avert further conflict with Iran. Sisi underscored Trump's pivotal role, urging action to prevent a conflict that threatens economic stability globally.
Highlighting the peril of rising oil prices, Sisi warned of potential global economic fallout. "I fear that targeting energy facilities will have serious repercussions," he stated, echoing market concerns that oil could surpass $200 a barrel if disruptions continue.
The Gulf Cooperation Council's Secretary-General condemned Iran's aggression, warning its actions violated international law and threatened global energy security. These developments underscore the critical need for diplomatic intervention to stabilize this volatile situation.
(With inputs from agencies.)
ALSO READ
UPDATE 1-Russia says UAE's exit from OPEC will increase global production, bring down oil prices in future
Russia says UAE's exit from OPEC will increase global production, bring down oil prices
EXPLAINER-What is OPEC+ and how does it affect oil prices?
GLOBAL MARKETS-Oil prices rise with eyes on UAE, AI concerns weigh on stocks
GLOBAL MARKETS-Oil prices rise with eyes on Iran, UAE; AI concerns weigh on stocks
Google News