The war led by the United States against Iran is detrimental for Europe, causing energy costs to skyrocket and benefiting the US and Israel while leaving Europe to rely on expensive American LNG.
In a recent interview on Naftemporiki TV's program AD HOC, Michalis Psilos, the director of Naftemporiki.gr, discussed the implications of the ongoing conflict between the United States and Iran. He argued that the war has broader geopolitical goals, targeting not only Iran but also countries like China and Europe. The conflict exacerbates energy costs dramatically, forcing European nations to purchase oil at inflated prices, particularly as access to Qatari LNG is curtailed, leaving them dependent on costly American LNG alternatives.
Psilos emphasized that the European continent stands to lose the most from this ongoing strife. He pointed out that any potential geopolitical gains arising from the conflict are likely to favor the United States and Israel, rather than benefiting European countries. This shift in energy dependency and the rising costs could have severe economic implications for the EU, which is already grappling with high energy prices.
The interview reflects a growing concern within Europe regarding its energy security amid geopolitical tensions. As Europe finds itself in a predicament where it has to secure energy resources while navigating complex international relations, the war in Iran highlights the precarious balance it must maintain. Psilos’s insights call for a reassessment of Europe’s energy policies and its geopolitical strategies to mitigate losses in such conflicts.
