Iran crisis shoves Europe’s economic woes off summit agenda – POLITICO
“Heads of state and government are right to invest significant time in the unexpected geopolitical crises that have occurred over the course of the last weeks,” said Siegfried Mureșan, the lead lawmaker on the budget from the center-right European People’s Party, from which European Commission President Ursula von der Leyen and most of the leaders also hail. “However, I believe that as a union we should not spend all of our political time on a single topic at a time and then ignore other subjects which are important but maybe not necessarily urgent.” Leaders have called on Brussels to help protect consumers and industry from high energy prices resulting from Iran’s blockade of maritime traffic in the Strait of Hormuz, which has already lasted for six weeks. Oil and gas tankers have been left stranded in the strategic waterway, which links major exporters like Qatar and Saudi Arabia to the global market. Finland’s President Alexander Stubb told POLITICO last month that the conflict risks triggering a “self-inflicted global recession.” But leaders are wrestling with several …
