Egypt's Sisi says only Trump can stop war, warns oil could top $200

CAIRO: Egypt’s President Abdel Fattah al-Sisi urged U.S. President ​Donald Trump on Monday to stop the Iran war, saying only he could do so, and warned that ‌fears of the oil price going above $200 a barrel were not exaggerated.

“I tell President Trump: nobody can stop the war in our region in the Gulf but you,” Sisi said at the Egypt Energy Show 2026 conference in Cairo. “Please, Mr. President, please. Please help us stop the ​war. You are capable of doing so,” he added.

Egypt, long a recipient of U.S. military aid and support ​from wealthy Gulf countries, has also condemned Iranian attacks on Gulf Arab states and pushed diplomatic ⁠efforts to avoid a wider regional war.

TWIN SHOCKS OF SHORTAGES, PRICE RISES FEARED

The war will trigger twin shocks of supply ​shortages and price rises, the full extent of which have yet to be felt, Sisi told the conference.

“I fear that ​targeting energy facilities, whether production or refineries, will have very serious repercussions for the global economy and fuel prices,” he said. Market watchers had warned “the price of a barrel of oil could reach more than $200, and this is not an exaggeration,” he added.

Sisi also warned of a ​looming crisis for global food supplies, noting that disruptions to fertilizer exports will have a massive impact on prices.

“Wealthy countries ​might be able to absorb this, but for middle-income and fragile economies, it could have a very, very severe impact on their stability,” ‌he said.

Egypt ⁠and Israel have had diplomatic relations since a 1979 peace treaty that returned the Sinai Peninsula, which Israel had captured in the 1967 war. However, the relationship is often termed a cold peace, and Cairo has long been wary that Palestinians could be forced from Gaza across its border.

Sisi credited Trump with ending the war in Gaza, noting that he had also said only ​the U.S. president could stop ​that conflict before a ⁠ceasefire agreement was signed in the Egyptian resort city of Sharm el-Sheikh in November.

The war in Iran has knocked the global economy off the path to growth, according to the OECD.

GCC SEC-GEN SAYS IRAN ATTACKS VIOLATE INTERNATIONAL LAW

Earlier, the Gulf Cooperation Council bloc’s Secretary-General Jasem Mohamed Albudaiwi ​urged the international community to protect vital maritime corridors, condemning Iran’s closure of the Strait ​of Hormuz and ⁠its attacks on regional energy infrastructure.

Addressing the conference virtually, he said Iranian aggression was a threat to the world.

“The brutal Iranian threats against energy facilities and the closure of the Strait of Hormuz constitute not only a blatant violation of international law but ⁠also a ​direct threat to global energy,” he said.

GCC member states – Saudi Arabia, the United Arab ​Emirates, Qatar, Kuwait, Oman and Bahrain – have faced drone and missile attacks.

The closure of the Strait of Hormuz has choked off a crucial route that previously handled ​about a fifth of global oil supplies.