No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, August 6, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Europe tells Trump to get lost on Iran, again

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 3 mins read
A A
Europe tells Trump to get lost on Iran, again
Share on FacebookShare on TwitterShare on LInkedIn



European leaders doubled down Thursday on refusing to join the United States and Israel military campaigns in the Middle East as they met in Brussels to grapple with rising oil and gas prices caused by the war.

European leaders have deflected entreaties from U.S. President Donald Trump to send military assets to secure the Strait of Hormuz, a key waterway for the global flow of oil, gas and fertilizer. However, rising energy prices because of the war and fears in Europe of a new refugee crisis have pushed leaders to make the Middle East a priority at the summit.

“We are very worried about the energy crisis,” said Belgian Prime Minister Bart De Wever ahead of the summit. He said that energy prices were too high before the war, but that the conflict “created another spike.”

“If that becomes structural, we’re in deep trouble,” he said.

The summit was initially expected to center on overcoming Hungary’s opposition to a massive loan for Ukraine, but the conflicts in Iran and Lebanon reset the agenda.

European leaders have no ‘appetite’ for joining the war

European leaders have been deeply critical of the Iranian government, but none have offered immediate help to the U.S. Britain is flat-out refusing to be drawn into the war. France says the fighting would have to die down first.

Austrian Chancellor Christian Stocker said that Europe “will not allow itself to be blackmailed” into joining the United States and Israel military campaign in the Middle East.

“Europe — and Austria as well — will not allow itself to be blackmailed,” he said ahead of the European Council summit of the leaders of the 27 EU nations. “Intervention in the Strait of Hormuz is not an option for Austria anyway.”

EU foreign policy chief Kaja Kallas said there was “no appetite” among leaders to expand a European naval force in the Red Sea to help secure the Strait of Hormuz or otherwise join the fray.

Looking ahead to the war’s end

Chancellor Friedrich Merz said the war must end before his country can help with matters such as keeping shipping lanes clear.

“We can and will commit ourselves only when the weapons fall silent,” he said of potential German military support to secure shipping lanes in the Strait of Hormuz. “We can then do a great deal, up to opening sea lanes and keeping them clear, but we’re not doing it during ongoing combat operations.”

He said that would require an international mandate, among other complicated steps, “before we can even consider such an issue.”

While the EU isn’t a party to the conflict, Dutch Prime Minister Rob Jetten said he understood the U.S. and Israeli reasons for launching the campaign against the “brutal” Iranian government. He called for the EU to increase both sanctions on Iran and support for Iranian opposition groups

But others blasted the war as “illegal” and destabilizing.

“We are against this war because it is illegal,” Spanish Prime Minister Pedro Sánchez said: “It’s causing a lot of damage to civilians, of course, refugees and the economic consequences that the whole world, especially the global south, is already suffering.”

Trump had mentioned NATO support for clearing the Strait of Hormuz but has not officially requested it, said Evika Silina, prime minister of Latvia, one of the 23 out of the 27 EU nations that are NATO members.

“When there will be some official requests, I think we always have to evaluate those requests.”

No single fix for the EU’s diverse energy markets

The European Commission has told leaders it has a mix of financial instruments that member nations could deploy to lower energy prices, which will be up for discussion. No single policy will likely work to blunt the economic shocks from the war across the bloc’s myriad markets from Romania to Ireland.

EU leaders are hoping their experience weaning off of Russian energy in the wake of the 2022 invasion of Ukraine and of building up the bloc’s military spending towards self-sufficiency will enable to them to do the same for energy independence.

While some European capitals have called for the suspension or scrapping of climate policies to stave off the worst of the recent spike in energy prices because of the war, others have argued that the EU’s long-term energy strategy should be home-grown sustainable energy decoupled from vulnerable fossil fuel markets.

European Council President Antonio Costa said that “energy means security” and that the EU should “build our own capacity to produce our own energy, because it’s the only way to be secure.”

___

Associated Press writers Pietro De Cristofaro, Geir Moulson in Berlin and Sylvie Corbet in Paris contributed to this report.



Source link

Tags: EuropeIranlosttellsTrump
ShareTweetShare
Previous Post

Translucent Raises $27M to Replace Manual FP&A with Agentic AI Built for Healthcare – AlleyWatch

Next Post

Keshet reports record year for philanthropy in Israel

Related Posts

edit post
Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)

Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)

by TheAdviserMagazine
August 6, 2026
0

Aug 06, 2026, 6:56 PM ETFirst Solar, Inc. (FSLR) Stock, TE StockGLW, CSIQ, TAN, SPWR, ENPH, SEDG, RUN, BE, ARRY,...

edit post
Asia needs deeper energy markets if it’s going to achieve its AI ambitions

Asia needs deeper energy markets if it’s going to achieve its AI ambitions

by TheAdviserMagazine
August 6, 2026
0

Asia’s energy security depends on the Strait of Hormuz, a waterway it doesn’t control, and the fallout from the return...

edit post
Playtika dips after warning of second-half weakness

Playtika dips after warning of second-half weakness

by TheAdviserMagazine
August 6, 2026
0

Games company Playtika Holding Corp. (Nasdaq: PLTK) returned to profit in the second quarter of 2026, after reporting a...

edit post
Every major Italian city is on heat alert as the drought hits Hungary’s nuclear power

Every major Italian city is on heat alert as the drought hits Hungary’s nuclear power

by TheAdviserMagazine
August 6, 2026
0

Italy placed all of its major cities under the highest heat alert Thursday as a blistering heat wave gripped Europe, setting a...

edit post
India tops world in IPO count, ranks third in fundraising in FY26: SEBI Annual Report

India tops world in IPO count, ranks third in fundraising in FY26: SEBI Annual Report

by TheAdviserMagazine
August 6, 2026
0

India retained its position as the world's leading market for initial public offerings (IPOs) by number of issues during FY2025-26,...

edit post
How to read and analyze an options chain

How to read and analyze an options chain

by TheAdviserMagazine
August 6, 2026
0

Pull up any stock's options page, and the screen fills with numbers. Dozens of rows, over 10 columns, and values...

Next Post
edit post
Keshet reports record year for philanthropy in Israel

Keshet reports record year for philanthropy in Israel

edit post
Best Fall Detection Smartwatches for Seniors Who Live Alone

Best Fall Detection Smartwatches for Seniors Who Live Alone

  • Trending
  • Comments
  • Latest
edit post
Georgia Senior SNAP and Meal Resources Older Adults Can Use

Georgia Senior SNAP and Meal Resources Older Adults Can Use

July 24, 2026
edit post
New Jersey Tax-Relief Events: Three July Dates Near Seniors

New Jersey Tax-Relief Events: Three July Dates Near Seniors

July 13, 2026
edit post
Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

July 8, 2026
edit post
Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

July 31, 2026
edit post
2 judges suspended in separate cases after being indicted on criminal charges

2 judges suspended in separate cases after being indicted on criminal charges

July 9, 2026
edit post
Driving the Noncitizen Voting Scandal: Registration With License

Driving the Noncitizen Voting Scandal: Registration With License

July 26, 2026
edit post
SpaceX passed a key test Thursday. Sophisticated traders bet the bottom is in

SpaceX passed a key test Thursday. Sophisticated traders bet the bottom is in

0
edit post
Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)

Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)

0
edit post
Total Portfolio Approach (TPA) | RPC

Total Portfolio Approach (TPA) | RPC

0
edit post
What You Can Learn From the Nerds’ Home Improvement Projects

What You Can Learn From the Nerds’ Home Improvement Projects

0
edit post
Asia needs deeper energy markets if it’s going to achieve its AI ambitions

Asia needs deeper energy markets if it’s going to achieve its AI ambitions

0
edit post
When Death Is Cheaper Than Care: Mutual Aid for the Developing World

When Death Is Cheaper Than Care: Mutual Aid for the Developing World

0
edit post
Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)

Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)

August 6, 2026
edit post
What You Can Learn From the Nerds’ Home Improvement Projects

What You Can Learn From the Nerds’ Home Improvement Projects

August 6, 2026
edit post
Following Primary Loss, Crypto PACs Invest .5M in 3 US State Races

Following Primary Loss, Crypto PACs Invest $1.5M in 3 US State Races

August 6, 2026
edit post
Asia needs deeper energy markets if it’s going to achieve its AI ambitions

Asia needs deeper energy markets if it’s going to achieve its AI ambitions

August 6, 2026
edit post
New professional designation aims to build DAF expertise

New professional designation aims to build DAF expertise

August 6, 2026
edit post
15 Cities in America With the Steepest Rent Hikes

15 Cities in America With the Steepest Rent Hikes

August 6, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Trump signs order setting 15% tariff, price floors on polysilicon imports (FSLR:NASDAQ)
  • What You Can Learn From the Nerds’ Home Improvement Projects
  • Following Primary Loss, Crypto PACs Invest $1.5M in 3 US State Races
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.