29.1 C
Saturday, July 20, 2024

Israel-Hamas war could affect global cost of oil, gas: Ex-Egyptian FM


Share post:


Cairo: The ongoing Israel-Hamas war could have an impact on the price of oil and gas around the world if the conflict is prolonged, former Egyptian Foreign Minister Nabil Fahmy told Sputnik.

“Any extended geopolitical disturbance effects strategic goods, be it oil, be it gas,” Fahmy said. “The cost of energy – be that oil or gas – could be affected, but it’s secondary in my mind. My primary objective here is the cost in terms of human life.”

On October 7, Hamas launched a surprise large-scale rocket attack against Israel from the Gaza Strip. Israel launched retaliatory strikes and ordered a complete blockade of the Gaza Strip, home to more than 2 million people, cutting off supplies of water, food and fuel. The blockade was later eased to allow trucks with humanitarian aid into the Gaza Strip. The escalation of the conflict has resulted in thousands of people killed and injured on both sides.

Related articles

Goa’s Parallel Universe: Sarpanch Dr Pramod Sawant and Waiter Yuri Alemao

In a whimsical twist of fate, the vibrant and politically charged state of Goa finds itself caught in...

Prepare beneficiary lists on war-footing for effective implementation of schemes:Shinde

Mumbai: Maharashtra Chief Minister Eknath Shinde has said to achieve the objectives of the seven welfare schemes included...

Former FS Vinay Kwatra named next ambassador to US

New Delhi: Former Foreign Secretary Vinay Mohan Kwatra was on Friday named as the country's next Ambassador to...

Bangladesh quota protests: Students vow ‘shutdown’ as 17 killed

Dhaka: Thousands of students armed with sticks and rocks battled with armed police in Dhaka as the Bangladeshi...