Egypt's presidency said it is ready to give Saudi Arabia all necessary support to defend its security, stability and holy sites, and President Abdel Fattah al-Sisi has requested an urgent parliamentary session to authorise military assistance if Riyadh asks for it. The move could significantly escalate the wider Iran war, as Yemen's Houthis intensify attacks on the kingdom, including on Riyadh's international airport and Saudi Aramco, and threaten the Bab el-Mandeb shipping route after a truce collapsed. Egypt, which could itself face Houthi attacks, joined the Saudi-led coalition in Yemen in 2015 but played a limited combat role. Riyadh had earlier sought help from US President Donald Trump, who did not agree to US strikes, while Washington offered targeting assistance and intelligence-sharing. Egyptian Foreign Minister Badr Abdelatty also discussed de-escalation with his Saudi counterpart by phone.
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EgyptSaudi ArabiaHouthigeopolitics
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XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/16/2026 | 4,165.63 |
| Change that session | -0.13% |
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