Cyprus's Foreign Minister Kombos said that the European Union "could and should be doing more" in the Middle East, adding that it should strike deals with regional partners and work towards ending the war in Iran, Politico reports

Cyprus's Foreign Minister's statement reflects a call for increased EU involvement in the Middle East, which could shift regional dynamics, particularly around conflicts like the one in Iran. This aligns with broader expectations of the EU seeking to bolster its energy security and diplomatic influence, which may impact commodities like WTI oil. Markets will likely be attentive to any developments in this area, as geopolitical stability is a key factor for energy prices.