Group 1 - Egypt's President Abdel Fattah al-Sisi emphasized that only U.S. President Donald Trump has the power to halt the ongoing war in the Gulf region [2] - Sisi warned that analysts predict oil prices could exceed $200 per barrel due to supply shortages and rising prices, indicating a significant concern for the energy market [2] - The Gulf Cooperation Council (GCC) Secretary-General condemned Iranian actions, including the closure of the Strait of Hormuz, which is critical for global oil supply, handling about 20% of it [3][4] Group 2 - The GCC has faced threats from Iranian drone and missile attacks, highlighting the geopolitical risks affecting energy infrastructure in the region [4] - The closure of the Strait of Hormuz is described as a blatant violation of international law and a direct threat to global energy security [4]
Egypt says only Trump can stop war, warns oil could top $200
Reuters·2026-03-30 10:41