Europe Quietly Bolsters Allies in Iran War Amid Economic Pain
Source: wsj.com
- Europe faces stagflation from surging oil prices caused by the Iran war, with business activity stalling across the eurozone.
- EU nations deployed naval and air forces to defend Cyprus after Iranian proxy drone attacks on a British base there.
- Leaders hesitate on direct military involvement, risking U.S. pullback from Ukraine aid, as warned by experts.
Europe grapples with the Iran war's fallout through economic shocks like skyrocketing energy costs and covert threats on its soil. Quiet military moves, such as naval deployments in the Eastern Mediterranean, show involvement without full commitment. This matters because it tests Europe's security, economy, and alliances at a tense time.