Response to Gulf Blockades: Israel's International Move That Will Bypass the Strait of Hormuz

Israel and Greece are advancing the international infrastructure corridor IMEC, which will create an alternative route bypassing the Strait of Hormuz and the Bab el-Mandeb. Energy Minister Eli Cohen spoke with his Greek counterpart Stavros Papastavrou, and the two agreed on steps to promote the project. The Energy Ministry says the route will be faster and cheaper, bring billions into the state coffers, and create jobs.

Israel and Greece are working to advance the international infrastructure corridor IMEC, designed to connect the East, the Gulf states, and Israel to Europe, creating an alternative route to the Strait of Hormuz and the Bab el-Mandeb Strait. The initiative is led by Prime Minister Benjamin Netanyahu and Energy Minister Eli Cohen, who spoke with his Greek counterpart Stavros Papastavrou. The two agreed on steps to advance the project at maximum speed and emphasized the importance of regional stability. The Energy Ministry notes that disruptions in global energy supply, caused by Iran's actions in the Strait of Hormuz and Houthi attacks in the Bab el-Mandeb Strait, highlight the corridor's importance. The land crossing between the Gulf states and Israel will enable the establishment of rapid infrastructure to Europe and reduce dependence on maritime straits. According to the ministry, the planned route will be faster and cheaper than existing trade routes, contribute to the global economy, bring billions of shekels into state coffers, and lead to expanded investment in infrastructure and job creation. Minister Cohen stated that the corridor will neutralize the Iranian and Houthi threat, strengthen Israel's economy and its standing.