The Greek-Italy EEZ (Exclusive Economic Zone) agreement, signed on June 9, 2020, has been a significant development in the ongoing conflicts and diplomatic disputes in the Eastern Mediterranean. The agreement is causing ripples across the region and has the potential to reshape the geopolitical landscape of the area.

The agreement marks the first time that Greece and Italy have established an EEZ boundary in the Ionian Sea. The EEZ is an area of ocean extending up to 200 nautical miles from a country`s coastline, within which the country has exclusive rights for exploring, exploiting, conserving and managing the natural resources.

The agreement is significant because it sets aside the longstanding diplomatic issues between Greece and Italy and helps both countries to strengthen their bilateral and regional partnerships. It provides Greece with a positive diplomatic step in its ongoing disputes with Turkey over the rights to areas in the Eastern Mediterranean.

Moreover, this agreement signifies a diplomatic shift for Italy, which had largely remained neutral in the Eastern Mediterranean until now. Italy has now taken a side in the disputes in the area, thereby creating a rift between Italy and Turkey, who have been strategic partners.

The agreement has also had an impact on Cyprus, which has been a crucial ally for Greece in the region. It further strengthened the partnership between the two countries and provided a framework for future agreements in the area, especially in exploring and exploiting hydrocarbon resources.

However, the agreement has not been welcomed by Turkey, which has been carrying out seismic surveys in areas claimed by Greece. Turkey believes that the agreement infringes on its maritime rights in the Eastern Mediterranean and has reacted aggressively to show its opposition to the agreement.

The agreement`s potential for creating conflicts and diplomatic disputes between Turkey and Greece cannot be ignored. Turkey has been conducting military exercises in the area, and both countries have been engaging in inflammatory rhetoric.

The agreement`s impact on the geopolitical landscape of the Eastern Mediterranean remains to be seen. Still, it shows the potential for creating alliances and strengthening diplomatic ties in a region scarred by historical conflicts and political disputes. It is crucial for all countries in the area to engage in peaceful negotiations and dialogue to find a lasting solution to this issue.