EU Strategic Autonomy and US Sanctions on Iran
DiplomacyComments
The high level diplomacy is one thing, but the real hit is to the mid sized firms. These companies are losing Iranian contracts immediately, with zero support from the EU to pivot their supply chains.
What is the actual volume of EU trade currently affected by these specific sanctions? I would like to see if the economic impact justifies the diplomatic friction.
Is it abandonment or just basic math? The EU cannot play the autonomy card while the US is actively striking rocket launchers in the Strait of Hormuz. Why risk a total break during a kinetic flare-up?
We should consider this alignment alongside the recent Mecca Defense Agreement. This shift toward new regional security architectures might eventually provide the EU with different diplomatic levers to balance US influence.
That's a fascinating angle... but doesn't the mechanism of US secondary sanctions essentially force the EU's hand? If their financial institutions lose dollar access, the autonomy argument falls apart... doesn't it?