NICOSIA, Cyprus — The Iran war’s shock to global fuel prices has reinforced Europe’s stance that it must forge alternative trade and energy routes to the Strait of Hormuz. European Commission President Ursula von der Leyen has expressed renewed interest in what is known as the India-Middle-East-Europe Economic Corridor. She told G7 leaders at this…
Talks set to take place on Friday between the US and Iran in Switzerland to implement a peace deal were cancelled as Hezbollah targeted Israeli forces and Israel carried out a wave of airstrikes in south Lebanon which killed at least 16 people. The talks were set to begin in the Swiss village of…
Energy Supply Ernst van Biljon|Published 20 hours ago FOR supply chain professionals, the significance of the US-Iran Memorandum of Understanding extends far beyond the physical reopening of the Strait of Hormuz. The Strait was only closed as a consequence of the recent conflict involving Iran, the US and Israel, meaning the agreement is fundamentally a…
Economic cooperation between Georgia and Israel is gaining new momentum. The first stage of preparations has been completed as part of the official visit of Dr. Akram Hasson, a member of the Israeli Knesset, one of whose key objectives was the organization of the upcoming Georgia-Israel Business Forum in Jerusalem. Israeli House NET hosted a…
Oil prices fell ahead of the G7 summit opening on June 15. On June 12, Reuters reported Brent crude futures settled at $87.33 a barrel, down 3.37%, after falling to their lowest level since early March as traders grew more confident about a U.S.-Iran peace agreement. That gave President Trump something he badly needed at…
Draft EU summit conclusions undergo changes by nature. Some are more significant than others. The version dated 16 June has removed a line on the Gaza and West Bank, suggesting Germany still won’t budge on trade bans against Israeli settlers, let alone on Israel more broadly. Although later tweaked and reintroduced, the back and forth…
It has played badly in Berlin, but the diplomatic spat between Kaja Kallas and Israel might well end up playing in her favour. The EU foreign affairs chief has been widely viewed as soft on Israel. But in recent weeks, that perception has begun to change, in no small part due to a row between…
Israel’s foreign minister said Thursday that he was severing all contact with the European Union’s top diplomat Kaja Kallas over reported remarks in which she allegedly compared Israel to the apartheid regime that once ruled South Africa. Diplomatic relations between Israel and the EU have come under heavy strain since the Gaza war erupted in…
Israel’s foreign minister said on Thursday that he has “no choice but to sever all contact” with the EU’s top diplomat, Kaja Kallas, until she retracts comments comparing Israel’s treatment of Palestinians to apartheid-era South Africa. Euractiv reported last week that Kallas – the EU’s High Representative for Foreign Affairs and Security Policy and a vice-president…
The Israel Defense Forces (IDF) on Thursday released an official map outlining the security zone where its troops are currently operating in southern Lebanon. According to the IDF, Israeli forces are deployed up to approximately 10 kilometers (6.2 miles) inside Lebanese territory. The military said the deployment is based on operational requirements aimed at addressing…
