Egypt

Egypt is experiencing a high energy security risk, exacerbated by acute food and fuel crises and high exposure to Hormuz disruptions, despite a 65% oil import dependency. Gasoline is priced at $0.68/L, but reserves are critically low at 35 days, while fertilizer costs have surged by 78%, contributing to a high food risk. The nation's financial stability is further jeopardized by declining Suez Canal revenues, with an IMF bailout currently under negotiation. Without significant external support, Egypt's economic and social stability will likely deteriorate further in the near term.