In response to the escalating military operations between Iran and Israel, Egyptian Prime Minister Mostafa Madbouly has announced on Monday, 16 June, the formation of a high-level “Crisis Committee.” This committee is tasked with monitoring the potential repercussions of the conflict across various sectors, including the economy, energy, and national security. The committee will be chaired by Madbouly himself and will include key officials such as the Governor of the Central Bank and several ministers, including those responsible for Industry, Finance, and Petroleum. In addition, representatives from the Ministries of Defense, Interior, and Foreign Affairs, as well as members of the General Intelligence Service, will contribute to the committee’s efforts. Regular meetings will be held to ensure ongoing assessments of the evolving situation and its impacts. The conflict, which has already resulted in significant casualties, 24 Israelis and 224 Iranians since it began on 13 June, has prompted concerns about energy prices and the stability of international supply chains. In Egypt, the fallout has led to increased pressure on the domestic energy sector, particularly as regional tensions have disrupted gas supplies. The petroleum ministry activated an emergency plan on 14…
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