Egyptian Prime Minister Mostafa Madbouly said that the government may be forced to adopt temporary exceptional pricing measures if the US-Iran war continues and drives up global oil and gas prices.
Speaking on the potential economic impact of prolonged regional tensions, Madbouly stressed that any such steps would be temporary and aimed at ensuring the availability of essential goods in the domestic market.
He reassured that Egypt maintains a fully flexible exchange rate and possesses adequate foreign currency reserves to manage external shocks.
The prime minister also delivered a firm warning against market manipulation, saying the government will not tolerate monopolistic practices or unjustified price hikes. He added that authorities will enforce the law against any entities attempting to exploit the situation.
Madbouly’s remarks come amid rising global energy volatility and growing concerns over supply chains in the region.
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