Story perspectives

Egypt's Sisi Warns Trump: Iran War Could Spike Oil Prices

3/30/2026

Center

Sisi Urges Trump

Egypt's President Abdel Fattah al-Sisi urged U.S. President Donald Trump to intervene and stop the war in Iran, warning of repercussions for oil prices and food supplies.
He noted oil prices could exceed $200 per barrel due to disruptions in energy facilities.
U.S. President Donald Trump said United States is negotiating with a 'more reasonable regime' in Iran and threatened to obliterate Iran's energy infrastructure if no deal is reached.

Right

Israel Strikes Iran

Israeli airstrikes targeted Iranian sites, including the Tabriz Petrochemical Complex.
The International Atomic Energy Agency confirmed Iran's heavy water production plant was shut down after the strikes.
Iran reported power outages in Tehran due to attacks on its electricity infrastructure.
U.S. President Donald Trump extended the ceasefire deadline to April 6 and proposed a 15-point peace plan.
Pakistan is facilitating U.S.-Iran negotiations, though the format remains uncertain.

Left

Trump Negotiates Oil

Oil prices rose over the weekend as Brent crude rose to $115.50 and U.S. crude to $102.61.
Iran warned against a potential U.S. ground invasion.
U.S. President Donald Trump confirmed ongoing negotiations and extended the deadline for Iran to reopen the Strait of Hormuz.
Foreign ministers from Pakistan, Saudi Arabia, Egypt, and Turkey reported productive discussions to end the war, which has disrupted global oil supplies.

History

Historical Context

The 1979 Iranian Revolution disrupted oil production, causing Brent crude prices to soar to $39 per barrel. This crisis echoed the 1973 oil crisis, which had already strained global economies. President Jimmy Carter's response included energy conservation measures and deregulation of oil prices. Today, tensions in the Middle East threaten to push prices over $200 per barrel, highlighting ongoing geopolitical volatility.

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Sisi Urges Trump

Egypt's President Abdel Fattah al-Sisi urged U.S. President Donald Trump to intervene and stop the war in Iran, warning of repercussions for oil prices and food supplies.
He noted oil prices could exceed $200 per barrel due to disruptions in energy facilities.
U.S. President Donald Trump said United States is negotiating with a 'more reasonable regime' in Iran and threatened to obliterate Iran's energy infrastructure if no deal is reached.

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