INSTABILITY IN THE EASTERN MEDITERRANEAN

I'm reading several articles about rising tensions between Turkey and EU in the Eastern Mediterranean. This escalation is connected to the geopolitical consequences of the EastMed pipeline. Can this escalation be placed in a larger context that includes, for example, the drop in oil prices, possible new sanctions against Russia because of the Navalny affair and the difficulties of the oil market in the GCC countries? Is there the possibility of a new oil crisis? How will this affect hedge funds?

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