The Economics of Trump’s New World Order

As the Middle East burns, the UK and EU find themselves in choppy waters. It is yet another wake-up call for the continent to build autonomy away from the United States, writes Simon Nixon

For a measure of Europe’s loss of geopolitical influence, look no further than Iran.

Ten years ago, European diplomats could still claim – with justification – that they sat at the top table of global affairs.

The negotiations that produced the 2015 Joint Comprehensive Plan of Action (JCPOA) – the landmark agreement curbing Iran’s nuclear programme in exchange for sanctions relief – were led by Germany, France, and the UK.