European leaders gathered virtually to address the perilous state of the Strait of Hormuz, a vital artery for global trade and energy. Their goal: restore safe passage for ships after the Iran war ends. Yet, as Italy's proposal for a humanitarian corridor was discussed but not adopted, the meeting ended without a concrete plan. This deadlock reflects deep divisions among the 40 nations involved and Europe's reluctance to commit significant military resources immediately, despite pressure from President Trump. The core challenge remains: none of the proposed solutions appear foolproof once hostilities cease.

Proposals range from costly naval escorts, like French frigates protecting merchant vessels, to mine-clearing operations by German and Belgian ships. However, doubts persist about Iran's actual use of mines and the effectiveness of air defense against drone attacks. Sending fighter jets or drones to intercept Iranian assaults adds further expense and uncertainty. Diplomatic pressure on Iran, leveraging economic ties, is seen as a long shot given the war's persistence. The sheer number of nations with a stake in the strait's security, including Gulf states, complicates any unified approach.

The economic stakes are immense. Continued blockage risks global stagflation, as fertilizer and fuel shipments through Hormuz are critical. Experts warn that even limited attacks could spook insurers and shipowners, crippling trade. While European leaders debate, Iranian officials have already signaled they will control the strait, potentially imposing tolls, defying international law. The path forward remains fraught with risk and expense, offering little certainty for global markets or European economies.