Egypt raises electricity prices amid Gulf war-driven energy crisis

Egypt has announced an increase in electricity rates for high-usage households and businesses starting this April. The decision comes as the country grapples with the ripple effects of a worsening global energy crisis, fueled by ongoing conflict in the Gulf region. Officials stated that these measures aim to offset rising costs linked to disrupted energy supplies. This move reflects the far-reaching economic consequences of the Gulf war, as regional instability drives a surge in global energy pr