EU official says EU Foreign Policy Chief Kallas spoke to Iranian Foreign Minister this morning about impact of war on freedom of navigation in the Strait of Hormuz
- Kallas called on Iran to cease all attacks on critical infrastructure in the region.
- Stressed that the EU supports de-escalation and a diplomatic solution to the war.
- Call took place before the execution of a European citizen held by the regime, which the EU condemns "in strongest terms".
Context
The conversation between EU Foreign Policy Chief Kallas and the Iranian Foreign Minister highlights rising tensions regarding freedom of navigation in the Strait of Hormuz, a critical chokepoint for global oil supply. The EU's push for de-escalation ahead of a planned execution of a European citizen signals a diplomatic balancing act, which could impact market sentiment towards oil and risk assets if tensions escalate further.
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