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Trump takes Iran hard line as Hormuz tensions set new normal

Brent crude was above $91 a barrel as prospects dimmed for a swift reopening of Hormuz, through which a fifth of the world’s oil and liquefied natural gas transited before the war.

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PM witnesses handover of SCZONE presidency

Prime Minister Moustafa Madbouly received Tuesday, August 18, 2026, Moustafa Shekhon, following President Abdel Fattah al-Sisi’s decision to appoint him chairman of the General Authority for the Suez…

  • Prime Minister Moustafa Madbouly formally received Moustafa Shekhon on August 18, 2026.
  • Walid Gamal al-Din acknowledged for advancing SCZONE as a global investment destination.
  • Shekhon pledged to continue SCZONE's success in attracting investment and developing sectors.

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