32 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
economy. The latest attacks in the Middle East indicate that the conflict is entrenched and increasingly hard to solve. Asian stocks have fallen sharply after Iran and the US exchanged their biggest round of fire
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
conflict, the Asia Pacific region, where many economies are heavily reliant on imported fuel, is expected to take the biggest economic hit. In its latest forecast last month, the Asian Development Bank downgraded
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 and unblock the Strait of Hormuz was legitimate and generous. He called for an end to the war across the region and the release of frozen assets abroad in response to the latest
Iran, as well as the closure of the Strait of Hormuz, a vital waterway through which about 20 percent of global oil and gas is shipped during peacetime, and the US naval blockade of Iranian
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
economy growing before the Iran conflict broke out, as well as falling NHS waiting lists, migration and serious violent crime. She added: "But there's obviously much more to do, and we are getting
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
effect on the cost of living in the US,” says Emma. EU leaders are expected to rebuke Netanyahu for his continued expansion in Gaza and Lebanon at a forthcoming Brussels summit but, says Emma
effective. China does not comply with western sanctions on Russia and since the start of the full-scale invasion of Ukraine has bought more than $367bn of Russian fossil fuels, [according to data](https://www.russiafossiltracker.com
economy. The Bank of England began cutting rates in August 2024. Six cuts since then brought rates down to 3.75%, the lowest level since early 2023. The [most recent cut in December 2025](https://www.bbc.co.uk
effect of pushing Russia and China even closer together. Their deepening partnership also comes against the backdrop of the war in Ukraine, mounting tensions around Iran, and disruption to shipping through the Strait of Hormuz
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