Tuesday, November 08, 2016

Saudi oil shipments to Egypt halted indefinitely, Egyptian officials say - Reuters

Saudi Arabia has informed Egypt that shipments of oil products expected under a $23 billion aid deal have been halted indefinitely, suggesting a deepening rift between the Arab world's richest country and its most populous.
Saudi Arabia has been a major donor to Egypt since President Abdel Fattah al-Sisi seized power in mid-2013 but Riyadh has become frustrated with Sisi's lack of economic reforms and his reluctance to be drawn into the conflict in Yemen....


bth: I think this explains a lot of the odd machinations over the last month; currency collapse, commodity riots on price increases, Egyptian officers in Syria, rumored meetings with Iran on oil. Does anyone benefit from instability in Egypt? Are the Saudi's going to blackmail the Egyptian army to fighting in Yemen?

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