Greek Prime Minister Kyriakos Mitsotakis is set to meet the country’s president on Tuesday for his regular monthly briefing as the government reviews the potential economic impact of the escalating conflict in the Middle East.
The meeting will take place at the Presidential Mansion in Athens and comes as authorities closely monitor the possible effects of the war involving Iran on energy markets, fuel prices and inflation.
According to government sources, the Prime Minister’s office is examining a series of initiatives aimed at addressing potential price increases and protecting households from the economic fallout of the crisis.
Officials say announcements could be made soon regarding measures designed to ease pressure on consumers if energy costs continue to rise.
Focus on fuel prices and market oversight
Preventing profiteering in the fuel market is among the government’s main priorities.
Authorities say there is a clear distinction between legitimate price increases driven by global energy markets and unjustified price hikes by businesses attempting to exploit the situation.
Government sources emphasize that officials have a clear picture of market conditions and will intervene with targeted measures if suspicious practices are detected.
Recent reports suggest some consumers have already rushed to gas stations amid concerns that prices could increase sharply or supplies could become limited.
Officials, however, stress there is no immediate risk of shortages, noting that Greece maintains sufficient fuel reserves.
They also pointed out that roughly 25% of global crude oil trade passes through the Strait of Hormuz, a key shipping route that remains under close watch as tensions escalate in the region.
Support measures for households under review
The government is also evaluating possible support for households should energy price increases begin to affect everyday living costs.
Sources say any interventions will be introduced carefully and step by step, balancing social support with the need to maintain fiscal stability.
“Whatever we do will be done with the greatest possible speed, but without improvisation,” government officials said, adding that decisions will also consider discussions taking place at the European level.
Tourism industry also under scrutiny
Officials are also watching developments in the tourism sector, which is a key pillar of the Greek economy.
Although it remains too early to draw conclusions, authorities say booking levels currently remain strong.
Government officials believe destinations located closer to the conflict zone could face greater uncertainty, while Greece and Italy may be less directly affected.
The government says it will continue monitoring the situation closely and prepare additional measures if needed as regional developments unfold.