European leaders have anchored their approach to the ongoing US-Iran conflict on defensive measures and diplomatic engagement, as reflected in repeated joint statements from France, Germany, and the UK since late February. Recent actions, including the French carrier group's deployment to the Red Sea for potential Strait of Hormuz escort operations and President Macron's May calls for renewed US-Iran talks, underscore a focus on protecting maritime routes and reviving negotiations rather than initiating strikes. Domestic political constraints, economic risks from further oil disruptions, and explicit limits to proportionate responses have reinforced trader consensus that no qualifying strike will occur by the June 30 resolution date. A major Iranian attack on European forces or assets remains the primary scenario that could shift these assessments.