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flag Egypt’s currency hit a record low amid regional conflict, hurting trade and triggering global market losses.

flag The Egyptian pound hit a record low of 52.15 to the U.S. dollar amid regional instability from the expanding Israel-Iran conflict, disrupting global trade and energy flows. flag The Suez Canal and Strait of Hormuz saw reduced shipping activity, hurting Egypt’s foreign currency earnings. flag President al-Sisi declared a near-emergency state over inflation and economic strain, though reserves remain stable at $52.7 billion. flag Global crude prices surged, with Brent rising to $92, as investors fled emerging markets, triggering a $3 trillion loss in global equity value.

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