What Does the Gulf Want From France in Return for Its Energy?

Speaking on France 24 on 19 October 2026, EISMENA Director Adel Bakawan explains the Gulf states’ demand for reciprocity: Europe may seek their oil and gas, but it must help secure the Strait of Hormuz and Bab el-Mandeb. He argues that France and the EU possess significant diplomatic and economic leverage—yet have failed to translate it into concrete action.

Hormuz, the Houthis and Iran’s Global Economic Leverage

EISMENA Director, Adel Bakawan invited to speak on France 24 to share his analysis that failed military action and diplomacy have pushed the US–Iran conflict into a third phase: economic warfare. As Washington increases pressure on Tehran and Iran leverages strategic maritime chokepoints, the consequences are being felt worldwide—with no clear winner in sight.