Evening Briefing Europe

The Toll of the Iran War Is Hitting Home in Europe

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Photographer: Alex Kraus/Bloomberg

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By Caroline Alexander

March 27, 2026 at 5:09 PM UTC

As the Iran war stretches into a fourth week, the toll is hitting home in Europe.

Countries are slashing their expectations for output while bracing for an energy-driven upswing in prices, with the US-Israeli military campaign — which is now all about the future of the Strait of Hormuz — showing no sign of ending soon.