Egypt

Egypt is experiencing a severe crisis, marked by high oil import dependency (65%) and acute vulnerability to Hormuz disruptions, exacerbating existing economic fragilities. Gasoline at $0.68/L is unsustainable, and limited reserves of 35 days underscore the immediate fuel impact, alongside a high food risk compounded by a 78% surge in fertilizer prices. Critical Suez Canal revenues are declining rapidly, further destabilizing the economy and making an ongoing IMF bailout negotiation even more urgent. Without significant external support and a resolution to regional oil disruptions, Egypt's stability is highly challenged in the coming weeks.