Iran, the global energy crisis, and the case for permanently waiving the Cyprus arms embargo

With the war in Iran dragging on, its ripple effects are being felt around the world. Beyond the clear questions around regional security, stretching from the Middle East to Cyprus and the Eastern Mediterranean, we are also in the midst of what could be an unprecedented and escalating global energy crisis as strikes on international shipping in the strait of Hormuz, which is critical to the oil and gas industry, have essentially shut this vital chokepoint.

The war is also testing transatlantic unity, as President Trump warned in a recent interview with the Financial Times that “it will be very bad for the future of NATO” if European nations do not join the US in reopening the strait of Hormuz. So far, the message from European leaders is that this isn’t Europe’s war.

Despite this message, developments in the Middle East impact Europe, and the case of Cyprus is not only raising questions in Brussels about the EU’s ability to defend its own members, but in Washington as well, where the recent targeting of Cyprus is renewing efforts to permanently end the Cyprus arms embargo.

Ian Lesser, Zissis Marmarelis, Damian Murphy, and Endy Zemenides join Thanos Davelis this week as we look into Trump’s calls for Europe to join the US in the Straits of Hormuz, the unfolding global energy crisis and what it means for Greece, and why now is the time to end the Cyprus arms embargo.

Taking us to our “I am HALC” segment, we’re highlighting Lexy Prodromos, an emerging leader in the Greek-American community, where she is part of HALC’s class of Leadership 2030 fellows, and a recognized leader when it comes to blockchain technology who is now making waves both in the US and internationally as COO at the Prodromos Stem Cell Institute.

A little more info on our guests:

Ian Lesser is the vice president and Brussels chief of the German Marshall Fund of the United States.

Dr. Zissis Marmarelis is a Stavros Niarchos Foundation Academy Fellow at Chatham House with a focus on the geopolitics of energy.

Damian Murphy is the senior vice president for National Security and International Policy at the Center for American Progress.

Endy Zemenides is HALC's executive director.

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