Red Sea tension a threat to global trade, says PM

The impact of the growing tension in the Red Sea region and its impact on global trade, along with the escalating crisis in the Middle East, was raised by Prime Minister Kyriakos Mitsotakis on Thursday, noting that "now that we are trying to bring down inflation, any disruption in supply lines can only complicate the effort that central banks are making."

Speaking with Foreign Policy magazine's editor in chief Ravi Agrawal at the World Economic Forum in Davos, Mitsotakis stressed that everyone is quite concerned about escalation, not just for the impact on Greek shipping but for global trade as a whole.

Referring to the war between Israel and Hamas, he said that Greece has taken a measured stance on the Middle East crisis.

Greece, he said, supported Israel and its right to self-defense, but added that "just as we support Israel's right, we support the right of...