""An entire nation is being humiliated by the Iranian leadership, especially by these so-called Revolutionary Guards. And so I hope that this ends as quickly as possible.""
""Sharply higher energy prices stemming from tensions in the Middle East risk a significant stagflationary shock to the European economy.""
""We don't want to condemn the U.S. directly, but this is something that should not have started.""
The Iran war, initially expected to last six weeks, has extended beyond two months, prompting U.S. allies to voice concerns. German Chancellor Friedrich Merz criticized the Iranian leadership for humiliating the U.S. on a global stage. The closure of the Strait of Hormuz has led to significant economic challenges, with the EU spending an additional €25 billion on energy resources. Vanguard warns of stagflation in Europe due to rising energy prices. In Asia, Thailand's foreign minister noted a lack of U.S. support, leading the country to seek assistance from Russia and China.
Read at Fortune
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