Lithuanian President Gitanas Nausėda is set to attend a two-day meeting focusing on various pressing international issues, particularly support for Ukraine amid ongoing conflicts. The meeting will also cover strengthening European security and defense, highlighting the EU's commitment to safeguarding its member states amidst growing geopolitical tensions. Furthermore, leaders are expected to discuss priorities for the future Multiannual Financial Framework and migration policies, reflecting wider economic and social challenges faced by the European Union.

Additionally, the backdrop of the EVT meeting includes recent escalating tensions in the Middle East, particularly following the targeting of Iran's highest leader, Ayatollah Ali Khamenei, by the US and Israel. This incident has not only heightened regional conflict but has also had significant implications for global oil prices, which surged 40-50% due to Iran's actions in the Strait of Hormuz and attacks on energy and shipping infrastructure in the region. This situation underlines the interconnectedness of global security and economic stability.

As global oil prices hover around the $100 mark, with the Middle Eastern conflict entering its third week, the response from world leaders is critical. US President Donald Trump is actively calling for NATO allies and China to assist in de-escalating the conflict by ensuring the safe passage through the Strait of Hormuz. This highlights the urgent need for a collective international response to stabilize not only the Middle East but also the global economy that is greatly affected by the turmoil.