Egypt Seeks to Allay Worries Over Iran War’s Economic Fallout

Shoppers at the Sayyida Zeinab market in Cairo.

Photographer: Islam Safwat/Bloomberg

Egypt moved to ease concerns over the Iran war’s impact on the economy, while warning “extraordinary” measures may be needed to tackle commodity prices if the conflict drags on.

The Middle East’s most populous nation has secured alternative natural gas supplies and has sufficient reserves of key items, Prime Minister Mostafa Madbouly told reporters Tuesday in the country’s new administrative capital.