Tuesday, December 30, 2008

Egypt under increasing pressure.

Al Jazeera is reporting that demonstrations have broken out in the Yemeni city of Aden and the Egyptian consulate has been occupied.
Apparently a Consular guard opened fire and at least one demonstrator was wounded.
A number of demonstrators were arrested. This latest protest follows other demonstrations across the region in re-action to what is seen as Egypt’s collaboration with Israel. Remember that it is common knowledge that Israel’s Foreign Minister was in Cairo just prior to the Israeli action.
Arab states are disturbed that Cairo has closed the Rafah border while Cairo defends its action as based on the 2005 border agreement.
Whatever, it seems certain that Egypt will become a target if recriminations start and the instability spreads.
One hopes that Iran is able to exercise restraint but the situation is certainly tense.
This risk will be more and more reflected in commodity prices.

Source Al Jazeera......opinions mine.

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