A distant conflict, which was not expected to last and whose disruptions to the oil and gas trade would mainly affect Asia. This is first of all how European leaders assessed the impact of the war in Iran launched on February 28 by the United States and Israel. As the days passed, they understood that Donald Trump apparently did not have the beginnings of a strategy to end the hostilities. They also realized that, although Asian countries are the most exposed to the crisis, the Old Continent is not spared.
At the end of March, Brussels became aware of the seriousness of the situation, a series of first statistical indicators giving substance to the current economic shock.