The ongoing US-Israeli war on Iran and the closure of the Strait of Hormuz are prompting global consideration of alternative energy routes, potentially boosting clean energy investments and exploring new land routes through Egypt, impacting the global economy.
Italy's Prime Minister is discussing alternative gas and oil routes, as well as navigation safety, with the Prime Ministers of Kuwait and Qatar. She stated that "Italy will do its part."
India and New Zealand have signed a comprehensive trade agreement in New Delhi that will cut or eliminate tariffs on 95% of New Zealand's exports to India while making all Indian exports to New Zealand duty-free. The deal, negotiated over nine months and agreed in December, includes a New Zealand commitment to invest US$20 billion in India over the next 15 years. The agreement comes as both nations seek to diversify export markets amid US tariffs and regional instability.
As old energy routes buckle under the pressure of war and geopolitical disruption, governments and companies are converging on the Caspian region as the corridor that could keep Eurasia's energy flowing.
