Lebanese President Joseph Aoun, Cyprus President Nikos Christodoulides, European Council President Antonio Costa, President of the European Fee Ursula von der Leyen and Syrian President Ahmed Al-Sharaa attend a press convention throughout a summit of the European Union and regional companions’ leaders in Nicosia (Lefkosia), Cyprus, April 24, 2026.
| Photograph Credit score: Reuters
A painful gas crunch and hovering oil and gasoline costs triggered by the Iran struggle have nudged the European Union to look arduous into funding different power routes in West Asia to bypass sizzling spots just like the Strait of Hormuz.
European Fee President Ursula von der Leyen stated on Friday (April 25, 2026) that the EU is able to work with Persian Gulf international locations for brand spanking new tasks conveying power to international markets that would not be held hostage to struggle or geopolitical strife.
Revealed – April 25, 2026 11:24 am IST