Egypt is set to import at least 1 million barrels a month of Libyan oil to compensate for a halt in Kuwaiti crude supplies caused by the effective closure of the Strait of Hormuz.
A customer pays for fuel with Egyptian pound banknotes at a gas station, operated by CPC-Egypt, in Cairo, Egypt, on Wednesday, March 11, 2026. Egypt’s oil ministry overnight announced fuel-price hikes of as much as 17% — the first increases in months.
Anmelden
