Germany Signs Provisional LNG Deal With Canada to Cut Russian and Middle East Exposure
πͺπΊ BERLIN β Germany is hedging against Hormuz before the blockade forces the decision. π LOOK CLOSER: A provisional Canada LNG deal signals Berlin won't wait for Hormuz resolution β it's pricing in a prolonged blockade. Canadian LNG takes years to scale, so this is a structural hedge, not emergency relief. It also shifts European energy dependency west, reducing Iran's indirect leverage over EU diplomatic positioning on the conflict.