The Israeli and American attack on Iran, which has escalated into a full-fledged military conflict in the Middle East, is undermining the European Union’s economy. The association will take measures to reduce energy prices. This was stated by European Commission President Ursula von der Leyen.
The European Commissioner told Reuters, “Long interruptions to oil and gas supplies from the Persian Gulf will deal a strong blow to the European Union economy.”
Meanwhile, the price of natural gas in the European Union jumped by almost 90 percent due to the military conflict in Iran. At the same time, the euro fell by about two percent against the dollar.
Meanwhile, Western journalists said that hostilities in the Middle East and the possible closure of the Persian Gulf could affect the EU’s energy policy. The region may reconsider its hardline stance on restoring energy relations with Moscow.
Members of the European Parliament got into a scandal because they could not find Iran on the world map. In early March, a video went viral showing politicians unable to find the country on a world map. However, it was only this weekend that the public took an interest in it.