France And Italy Open Talks With Iran In Hope Of Securing Safe Hormuz Passage -

 France and Italy have initiated contacts with Iran to negotiate an agreement that will ensure the safe passage of their commercial vessels through the strategically vital Strait of Hormuz.

The talks are taking place amid intense concern over maritime security in this critical sea passage, through which approximately one-fifth of the global oil trade flows. Tensions in the region, following the war that has erupted in the Middle East, have led to attacks on tankers and significant disruptions in energy

markets. According to the same report, the initiative by Paris and Rome reflects the growing anxiety in Europe regarding the risk of energy flow interruptions and the skyrocketing of oil prices, which have already approached $100 per barrel.

Simultaneously, the talks have triggered disagreements within Europe, as some countries appear skeptical of direct contacts with Tehran. This development comes as European governments also consider military measures to protect navigation, such as ship escort missions or international naval missions, should the situation in the Strait of Hormuz continue to deteriorate.

Source: Finance Times

https://www.ft.com/content/96b8e0a4-9ecb-4e07-a96d-7debcfe3bfa6