FM: regional escalation threatens global trade, energy flows

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Egypt's Foreign Minister Badr Abdelatty warned that regional escalations are threatening global trade and energy markets, causing increased shipping and insurance costs. The concerns were raised in a meeting with the IMO Secretary-General in London.

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty warned of the impact of escalating regional tensions on global trade and energy markets during a meeting in London with Secretary-General of the International Maritime Organization (IMO) Arsenio Dominguez. Abdelatty said the regional escalation has led to higher shipping and insurance costs and disruptions … The post FM: regional escalation threatens global trade, energy flows appeared first on Egypt Independent.