17 resultsfor “Iran conflict effects on European economies”
conflict could do great damage to the global economy. [](https://www.npr.org/2025/06/05/nx-s1-5422334/germany-chancellor-merz-trump-white-house) ### [Europe](https://www.npr.org/sections/europe/) ### [Trump will meet German
conflict this continent has seen since World War Two, petrol prices are rising, and the global economy is under strain because of knock-on effects of the Iran war. Relations with the UK's former
conflict, particularly fears of economic fallout. Concerns have intensified in recent weeks over disruptions to global energy supplies, with the effective blockade of the strait of Hormuz contributing to a sharp rise in diesel prices
effectively closing off the narrow strait. In addition, Iran's retaliatory attacks on Gulf countries' oil and gas refineries have caused further disruption in global supply. As a result, some international experts [said](https://www.atlanticcouncil.org
economy is being buoyed by cash Moscow is hoovering up as a result of being able to export oil at a high price worldwide now, thanks to the energy crisis provoked by Iran's effective
effectively closing off the narrow strait. In addition, Iran's retaliatory attacks on Gulf countries' oil and gas refineries have caused further disruption in global supply. As a result, some international experts [say](https://www.atlanticcouncil.org
effectively closing off the narrow strait. In addition, Iran's retaliatory attacks on Gulf countries' oil and gas refineries have caused further disruption in global supply. As a result, some international experts [say](https://www.atlanticcouncil.org
economy in the face of Western sanctions. It is also clear that external conditions alone are insufficient for achieving its objectives in Ukraine. On this basis, Moscow does not focus on short-term gains
conflict ends.” - **Foreign ministers from 17 countries, including the UK, Tuesday urged Israel and [Lebanon](https://www.theguardian.com/world/lebanon) to “seize this opportunity” ahead of talks between the two nations in Washington.** Britain’s foreign ministry
conflict in the Middle East: [Possible Iran talks](https://www.npr.org/2026/04/24/g-s1-118595/middle-east-war-updates#One) | [NATO rift](https://www.npr.org/2026/04/24/g-s1-118595/middle-east-war-updates#nato) | [Mines in Hormuz](https://www.npr.org/2026/04/24/g-s1-118595/middle-east-war-updates#five) | [New sanctions](https://www.npr.org/2026/04/24/g-s1-118595/middle-east-war-updates#six) | [Journalist killed](https://www.npr.org/2026/04/24/g-s1-118595/middle-east-war-updates#Two)[Pope Leo](https://www.npr.org
economy | UK-France conference | International reaction | Airline fuel struggles | Points of contention** ### **Trump says Iran flailing economically** Despite Iran's refusal to attend negotiations this week, Trump says the country is in dire economic straits
economies, has led Iran to review its stance on Europe as a potential lever on Trump.  The US vice-president, JD Vance
conflict in limbo, but that is anything but the truth. Pakistan insists the prospect of talks in Islamabad has not evaporated, and positive messages are still being exchanged, but in the meantime the site
economy class ticket to £360 for a business class fare. On short-haul services within Europe, however, the impact on fares has been a lot more muted so far. In fact, according to Wizz
conflict, this war against Iran, has a direct impact on our economic output”. On Tuesday, Trump posted on his Truth Social platform that Merz “thinks it’s OK for Iran to have a Nuclear Weapon
conflict carries the potential to push further the process of weakening the effect of US sanctions, which had already been ongoing, and reshape the preferences of both regional and global actors through different mechanisms, including
effectively closed and peace talks between the US and Iran failed. The IMF said: "Once again, the global economy is threatened with being thrown off course - this time by the outbreak