GeneralBearishFortune Crypto · 3h ago7/10
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Europe’s $29 billion Iran War bill is driving a scramble for new energy routes
The EU is investing heavily in alternative energy infrastructure including the India-Middle East-Europe Corridor (IMEC), undersea cables, and Gulf pipelines to reduce dependence on Iranian energy following geopolitical tensions estimated to cost Europe $29 billion. However, these projects depend critically on Israeli-Saudi normalization, a diplomatic outcome that remains uncertain.
