Direct trade between the European Union and Iran is extremely small, with data from Eurostat showing imports from Iran account for roughly 0.03% of the EU's total imports, largely due to the bloc's sanctions on the country.
However, disruptions in the Gulf region following the US and Israel's war with Iran still leave Europe's economies exposed, partly due to the Strait of Hormuz — which lies between the south of Iran and the north of Oman — and partly due to the continent's dependence on global markets for oil and gas.
