Following Iranian-Israeli military escalation in the region, Egypt will increase strategic stockpile of key commodities

The Prime Minister added that coordination is underway between Governor of the Central Bank of Egypt Hassan Abdullah and Minister of Finance and Ahmed Kouchouk to increase the strategic stockpile of key commodities.

Madbouly also said that a meeting will be held with the Ministers of Electricity and Petroleum to assess potential scenarios and implications resulting from the military developments in the region.

Egypt strongly condemned the military strikes carried out by the Israeli army against Iran in the early hours of June 13, 2025.

“These attacks represent a blatant and extremely dangerous escalation in the region, a clear violation of international law and the United Nations Charter, and a direct threat to both regional and international peace and security,” the Egyptian Ministry of Foreign Affairs stated.

“Egypt is following these rapid developments with deep concern and firmly denounces this unjustified act, which will only exacerbate the crisis and risks triggering a broader regional conflict. Such escalation could have unprecedented consequences for the region’s security and stability, endangering its peoples and threatening to plunge the entire Middle East into widespread chaos,” the statement continued.

Egypt reiterated its position that the crises facing the region cannot be resolved through military means, but rather through political and peaceful solutions. The Ministry stressed that the use of force will not bring security to any country, including Israel. True security, it emphasized, can only be achieved by respecting state sovereignty, preserving the unity and territorial integrity of nations, delivering justice, and ending the Israeli occupation of Arab lands.

Israel has just carried out airstrikes on several Iranian cities, inclduing nuclear sites, in the early hours of June 13, 2025, killing dozens of Iranian nuclear scientists and military leaders. 

The Israeli army said in a statement on Friday that it luanhced a “preemptive strike against Iran's Nuclear Program” with more than 200 Israeli Air Force fighter jets, operating with precise intelligence from the IDF Intelligence Directorate, conducted coordinated strikes on over 100 targets across Iran. Israeli media outlets reported that the Israeli operation against Iran could last for weeks amid Iranian threat of a severe retaliation.

Iranian military leaders killed in the Israeli airstrikes include Chief of Staff of the Iranian Armed Forces Major General Mohammad Bagheri, Commander of the Khatam-al Anbiya Central Headquarters of the Iranian General Staff, Major General Gholam Ali Rashid. The Khatam al Anbiya Headquarters is a Unified Combatant Command Headquarters of the Iranian Armed Forces, operating under the direct command of the General Staff, is responsible for planning and coordinating joint military operations across all branches of Iran’s armed forces. Also, Hossein Salami, the commander-in-chief of the Islamic Revolutionary Guard Corps (IRGC), was killed in the airstrikes.

Besides killing civilians inlcuding women and children, six nuclear sceintists were killed in the israeli airstrike; Iran’s semi-official Tasnim news agency reported on Friday that the scientists killed included Fereydoun Abbasi, former head of the Atomic Energy Organization of Iran, and Mohammad Mehdi Tehranchi, a prominent physicist and president of Islamic Azad University.

Several world countries, inlcuding, Saudi Arabia, Qatar, Lebanon, and Oman- the broker of the US/Iranian talks on the Iranian nucleary program- condemned the Israeli attacks, saying these blatant attacks violate the interntaional laws. Additionally, several countries suspended their flights to and from Iran and Israel.