Iceland is considering holding a referendum on its EU membership as early as this summer, according to sources reported by Politico. Originally, the vote on continuing membership negotiations was scheduled for 2027, but it may be moved up to August of this year. A decision on the timing of the vote is expected in the coming weeks, reflecting the urgency of the situation.

The anticipated acceleration of Iceland's membership discussions is largely motivated by geopolitical tensions, particularly stemming from threats made by U.S. President Donald Trump regarding Greenland and the imposition of tariffs on Iceland. In a light-hearted remark, Trump's nominee for ambassador to Iceland, Billy Long, suggested that Iceland could become the 52nd U.S. state, further complicating the island's diplomatic relations with both the U.S. and the EU.

Trump's frequent references to Iceland during a speech at the World Economic Forum in Davos have added to the scrutiny surrounding the nation's political landscape. The unexpected attention and threats from the U.S. have led Icelanders to reassess their position in the EU, highlighting the broader implications of shifting global power dynamics on smaller nations.