World · Europe · 1 hr ago

European leaders warn against renewed Iran war as energy costs rise

European leaders warn against renewed Iran war as energy costs rise

The US-Israeli war on Iran has disrupted energy supplies, with the Strait of Hormuz a key route for global oil and liquefied natural gas.

The disruption has contributed to higher fuel and gas prices as European households face rising costs ahead of winter.

Protests over living costs have taken place in European capitals, though Iranian Foreign Minister Abbas Araghchi attributed them to energy-market instability.

European leaders have increasingly warned against renewed military attacks, after initially condemning Iran’s retaliatory strikes without condemning the opening US-Israeli attacks.

At a meeting in Istanbul, foreign ministers from eight countries urged both sides to show restraint, warning that further escalation could drive hydrocarbon prices higher.

Europe’s response is not united, and its calls for diplomacy do not mean governments have dropped their objections to Iran’s nuclear programme or regional actions.

The next step depends on whether the conflict escalates; the sources say Washington is reportedly preparing options for renewed attacks.

3 sources

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What people are saying

Jean-Noel BarrotFrench foreign minister
would create nothing but losers and would undoubtedly have very serious consequences for hydrocarbon prices
via Al Jazeera
And so the first thing this group of eight countries … will do is call on both sides to exercise the utmost restraint, because we cannot afford another escalation in the region
via Al Jazeera
Pedro SanchezSpanish prime minister
illegal, unjust and unjustified
via Al Jazeera
Abbas AraghchiIranian foreign minister
Any disruption and confrontation entail consequences that go far beyond our region and affect energy security, market stability and the economic interests of producers and consumers around the world
via TASS