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The European Union said it would impose new sanctions on Iran following its retaliatory attack against Israel. The missile and drone attack followed Israel’s bombing of Iran’s embassy in Syria’s capital
There is anxiety among all about the brewing tensions between Iran and Israel threatening to affect the global economy. The European Union said it would impose new sanctions on Iran following its retaliatory attack against Israel. The missile and drone attack followed Israel’s bombing of Iran’s embassy in Syria’s capital.
European Council President Charles Michel said that the measures would serve as a clear signal to Iran. EU leaders are meeting in Brussels to discuss the Israel-Iran conflict and Russia-Ukraine issue, among other things. In a statement released after the first day of their summit in Brussels, the leaders warned that the EU will take further restrictive measures against Iran, particularly about unmanned aerial vehicles and missiles. This will escalate the tensions.
Ukrainian President Volodymyr Zelenskyy used the summit to remind the leaders that his country still badly needs support to combat Russia’s invasion. Zelenskyy asked for more air defenses, including Patriot missile systems.
Michel, who chaired the summit, said that Zelenskyy had asked the Europeans to help convince the U.S. to speed up the delivery of arms and funding for Ukraine’s war-battered economy.
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Analysts apprehend that if the multi-cornered tensions continue, it will impair the recovery of the global economy. Food crisis, inflation, and erosion of values of local currencies being faced especially by the African economies may continue unabated.
