Europe’s economy is slowing sharply as the Iran war drives up energy costs, deepening pressure on households and challenging policy makers. Fresh data for May showed euro zone business activity contracted at its fastest pace in more than two years while inflation pressures intensified, raising fears of a prolonged cost-of-living crunch and possible recession.

  • panthera_@lemmy.today
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    6 hours ago

    Actually, if Europe, China, and Russia reach an agreement with Iran, Trump might be happy since the war would be over and prices will go down.

    Russia doesn’t have much of a navy, but the sight of European, Chinese, and Russian warships escorting vessels would be a powerful deterrence from attack.

    The purpose should be ending the war in Iran. Ukraine should not be connected.