We have seen an exponential increase in activities in the Eastern Mediterranean that have caused upheaval in the region and in the international community. Erdogan’s aggression in the Mediterranean, the UAE and Israel signing an agreement, Iran’s precariousness, and it seems like at the center of it is energy.
John Defterios, CNN Business’ Emerging Markets Editor and Anchor, joined us to unpack the geopolitical dynamics of the Eastern Mediterranean as it relates to the energy sector and the discuss the economic ramifications of the pandemic on a global scale.
The US relationship towards the Eastern Med is changing. Most notably, in December 2019, President Trump signed the Eastern Mediterranean Security and Energy Partnership Act of 2019; a bipartisan bill authored by Senator Menendez of NJ and Senator Rubio of Florida.
The legislation is a comprehensive recalibration of American diplomatic, military, and economic policy towards the Eastern Mediterranean and a strong and prosperous alliance between the United States, Greece, Israel, and Cyprus.
Mr. Defterios helps answer questions like what are the political and economic implications of the changing oil prices and demand? How are Russia and Turkey affected by these changes and what does this mean for Greece, Cyprus, Israel and the United States? And what will the legacy of Covid-19 be?
For more insight into the future of the global energy sector, watch John Defterios’ CNN documentary series, “The Global Energy Challenge.”