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The US has veto'd ceasefire calls in the UN Security Council which European countries have been in favour of (or at least abstained).

Yes, Europe benefits from the strait more than the US, but it isn't Europe's mess in the first place.

I disagree. The root cause is obviously Israel founding which was the the last colonial project that Western European countries undertook.

I predict that in the next decades Europe will cut ties with Israel completely but until then we reap what we sow.

True, but they can only do it with the US backing.