Summary
A conflict involving the US and Israel against Iran has disrupted global fuel supplies, leading to a fuel crisis. Egypt is responding by implementing measures to conserve energy, such as adjusting business hours and reducing government vehicle fuel use.
Key Facts
- The US-Israel conflict with Iran has blocked the Strait of Hormuz, a key route for oil and gas.
- Around 20% of the world’s oil and liquefied natural gas (LNG) usually pass through the strait.
- Egypt is increasing fuel prices by 14% to 30% due to the crisis.
- Egypt will close shops and malls at 9 pm daily, except Thursdays and Fridays when they close at 10 pm.
- Fuel use in Egyptian government vehicles will be cut by 30%.
- Street lighting in Egypt will be reduced by 50%.
- Egypt plans to have eligible employees work from home on Sundays.
- Other countries in Asia are also taking measures to conserve energy.
