installment
The military escalation in the region between Iran from and its allies from one side and US/Israel and their allies on the other side led to a sharp decline of oil production from the Gulf States, whose refineries are being targeted by Iran. As a result, energy prices went up. Also, the war led to a disruption of international shipping lanes and supply chains, which resulted in the decline in Suez Canal revenues.
The decree applies to those who were notified of the cancellation of the contract between them and the authority, and whose units have not been sold to others.
The accrued interest for this period in addition to the principal will be collected by banks after the end of the six-month period, the CBE said in a statement.
The duration can be prolonged, if needed.
