February 3, 2011Egypt Revolt Triggers Oil Market FearMarianne Lavelle, National Geographic
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![]() National Geographic World oil prices were trading at their highest level in three years this week amid the revolt in Egypt, which for decades served as a major petroleum transit route. But energy analysts believe the real risk is not a closure of the desert conduits—the Suez Canal and the Sumed Pipeline—but that the unrest gripping Cairo will spread to neighboring nations. TAGGED: oil prices, Egypt, revolution, protest, Middle East | |