JUST-IN: Europe Told Trump That Iran Is Not Their War. Then The Gas Bill Arrived

Germany’s defence minister said it is not their war. France denied airspace. Spain refused base access.

The UK said it would not be drawn into a wider conflict. NATO declined to classify the operation as a mission.

Every major European power looked at the Strait of Hormuz and decided the 21-mile waterway that carries one fifth of global LNG supply was someone else’s problem.

European TTF gas prices surged 50 to 85 percent after Qatar’s Ras Laffan was struck. Spot LNG prices jumped 40 to 60 percent.

The EU must inject roughly 60 billion cubic metres into storage by December to hit its 90 percent refill target. That target was set before the world’s largest LNG facility was hit by Iranian missiles.

The refill arithmetic just changed and the continent that refused to send a warship now needs to find gas at record prices from a market it chose not to defend.

Non-participation does not mean non-exposure.

Europe’s logic is fiscal, political, and strategic. Post-Ukraine debt makes another military commitment unaffordable. Voters have war fatigue.

The security establishment is focused on Russia and the Indo-Pacific. These are rational reasons. They are also irrelevant to the gas price.

The molecule does not ask whether you participated in the war. It asks whether you can afford the premium created by the war you refused to join.See more details, Full story. .