EGYPT PERSPECTIVE

Daily News Egypt reveals Iran is considering legislation placing the Strait of Hormuz formally under the authority of its armed forces, with transit fees mandatorily paid in Iranian rials — a proposal that would radically reshape global maritime trade. Egypt Independent covers the diplomatic angle: Araghchi indicated during his Oman visit that 'agreements were reached' with Muscat on Hormuz, as both countries are coastal states along the Strait. Domestically, the Madbouly government lifted mandatory shop closure rules and launched a solar energy initiative as part of its crisis management in response to economic fallout. Egypt finds itself in a delicate position: the Suez Canal, a crucial revenue source, is directly suffering from maritime disruptions in the Red Sea linked to the war.