London, Mar 17: The European Union said on Monday it will consider how to help keep the Strait of Hormuz open as energy and commodity prices rise in the third week of war between Iran, Israel and the United States.
“It is in our interest to keep the Strait of Hormuz open, and that’s why we are also discussing what we can do in this regard from the European side,” said Kaja Kallas, the EU’s foreign policy chief, ahead of a meeting of the 27-nation bloc’s foreign ministers in Brussels on Monday.
US President Donald Trump has asked allies – including France, China, Japan, South Korea and Britain – to help secure the strait for global shipping.
Kallas said the EU could expand its Aspides naval mission to protect shipping in the Red Sea up into the Persian Gulf, or it could form a “coalition of the willing” with member nations contributing military capacity on an ad hoc basis.
The war in Iran, sparked on Feb. 28, airstrikes by Israel and the US, has driven up energy prices worldwide, with Brent crude up more than 40 per cent. But the conflict has also disrupted the wider global supply chain beyond oil, affecting everything from pharmaceuticals from India, semiconductors from Asia and oil-derived products like fertilisers that come from the Middle East.
Cargo ships are stuck in the Gulf or making a much longer detour around the southern tip of Africa. Planes carrying air cargo out of the Middle East are grounded. And the longer the war drags on, the more likely it is that there will be shortages and price increases on a wide range of goods.
France has said it is working with countries – President Emmanuel Macron mentioned partners in Europe, India and Asia – on a possible international mission to escort ships through the strait, but has stressed it must be when “the circumstances permit,” when fighting has subsided.
German Foreign Minister Johann Wadephul said it will be important for the US and Israel to define “when they consider the military aims of their deployment to have been reached.”
He said before meeting his EU colleagues in Brussels that “we need more clarity here” from the US and Israel.
At the same time, Wadephul said the Iranian government poses a significant danger to the region, the freedom of shipping and the global economy, and “this danger definitely must not continue.” He said he would back sanctions against those responsible for blocking the Strait of Hormuz, without elaborating.
Once there’s clarity on the US-Israeli aims, Wadephul said it will be time to enter a phase in which “a security architecture for this whole region” is defined. He said that it will also entail speaking to Iran.
Luxembourg Foreign Minister Xavier Bettel said the EU remains uncommitted to any military action.
“The fact is, for the moment, the EU is not directly part of the situation. So we need to decide if we are going to be part of it or not. That’s an important decision,” Bettel said.
Operation Aspides was formed to thwart attacks on shipping in the Red Sea by Somali pirates and Yemen’s Iran-backed Houthi rebels, who have yet to join the current fray. Saudi Aramco manages a pipeline network that bypasses the Strait of Hormuz to deliver oil to the Red Sea port city of Yanbu.
“If we want to have security in this region, then it would be easiest to actually already use the operation that we have in the region and maybe change a bit,” Kallas said. “There is also talk of a coalition of the willing in this regard, but we also need to see what could be the fastest to provide this opening for the Strait of Hormuz, but of course, as you can see, it’s not easy.”
The EU is anxious that a potential refugee crisis in Iran will develop if the war continues.
“Although for now, the conflict has not translated into immediate migratory flows toward the EU, what the future holds remains unclear and necessitates the full mobilisation of every migration diplomacy tool we have at our disposal,” said European Commission President Ursula von der Leyen in a statement on Sunday.