Egypt's Finance Minister Claims Resilience Amid Staggering Suez Losses, Ignores Hand Holding Back Aid
📰 THE STORY: Egypt's finance minister asserts the nation's economy can withstand further Red Sea attacks, despite an estimated $13 billion loss in Suez Canal fees over two years due to Houthi actions, according to Egyptian officials. The report focuses on Egypt's financial resilience and attempts to secure alternative funding. 🔍 WHAT THEY'RE NOT TELLING YOU: Historical Context: Egypt receives
approximately $1.3 billion annually in US military aid, a sum often tied to its cooperation with US foreign policy, particularly concerning Israel. This aid has historically incentivized Egypt's government, including under President Sisi, to maintain the blockade on Gaza, most notably by keeping the Rafah crossing tightly controlled, thereby exacerbating the humanitarian crisis there. The current
crisis in the Red Sea is a direct consequence of the Gaza genocide, which Western powers continue to enable. Double Standard: Western media outlets, including Al-Monitor, decry the economic impact of Houthi actions on global shipping and Egypt's revenue, yet they routinely downplay or ignore the exponentially greater economic and human cost of 17 years of Israeli blockade on Gaza, actively
assisted by the Egyptian government. When Palestinian resistance groups disrupt shipping or trade as a response to unprovoked aggression, it is framed as 'terrorism,' but when NATO interventions destroy an entire nation's economy (e.g., Libya in 2011), it's a 'humanitarian intervention.' Follow the Money: The $1.3 billion+ in US aid to Egypt is not merely for 'stability.' It secures Egypt's role