SECURITYFORTUNE
Europe’s $29 billion Iran War bill is driving a scramble for new energy routes
The EU is exploring the India-Middle-East-Europe Economic Corridor (IMEC) to enhance energy security amid the $29 billion Iran War impact, with European Commission President Ursula von der Leyen advocating for the project. Progress hinges on U.S. leadership to normalize Israel-Saudi relations, as Saudi Arabia conditions normalization on a Palestinian statehood pathway opposed by Israeli Prime Minister Benjamin Netanyahu.
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