12 May 2026

Today (May 12), Dimitri Lascaris gained access to a private conference held in
Athens, Greece for the purpose of promoting deeper ties between Israel, Greece
and Cyprus.

The speakers included Israel's Deputy Foreign Minister, Israel's Ambassador to
Greece, the Chairman of Israel Shipyards, Greece's Minister of Tourism and
Greece's Deputy Minister of Foreign Affairs.

Their speeches left no doubt that the Israeli, Greek and Cypriot governments are
strongly committed to the India-Middle East-Europe Economic Corridor (IMEC), and
that they view the closure of the Strait of Hormuz as a splendid marketing
opportunity for IMEC.

In this report, Dimitri discusses what happened at the conference and highlights
the speech of Chen Herzog, the Chief Economist of BDO Consulting Israel. In his
speech, Herzog argued that the oil and gas crisis is about to become
"unmanageable" and that the closure of the Strait of Hormuz proves how essential
IMEC has become.