Petroleum & Kaja Kallas

Petroleum: Petroleum prices have been highly volatile due to the conflict and the closure of the Strait of Hormuz. The interim deal and the reopening of the Strait are expected to lead to a significant increase in oil supply, potentially causing a 'mini glut' in the short term and stabilizing prices, which is beneficial for importing nations like India.

Kaja Kallas: Kaja Kallas, the EU's foreign policy chief, expressed hope for the initialization of the US-Iran deal, emphasizing the need for the Strait of Hormuz to be open and the war to stop.

Kaja Kallas: Kaja Kallas, the EU foreign policy chief, called for de-escalation in the Middle East and condemned Iran's indiscriminate attacks.

Kaja Kallas: Kaja Kallas, the European Union's foreign policy chief, has publicly rejected Iran's proposed 'pay-to-pass' scheme for the Strait of Hormuz, asserting that international law does not recognize such arrangements.

Kaja Kallas: Kaja Kallas, the EU's top diplomat, stated that the ceasefire should cover Lebanon and condemned Israel's actions, while also calling for Hezbollah to disarm.

Kaja Kallas: Kaja Kallas, the European Union's High Representative for Foreign Affairs and Security Policy, assessed the regional situation with Egypt's Foreign Minister.