The worry for the British and French business is that they may lose to US, already delegation from GM and American oil companies are discussing business with Iranian, Iran is a major market in the Middle East. The European ( apart from Germany) are going to be the losers if they are not careful. Companies like Renault and Peugeot are already suffering with factory closures in France and loss of business. I do not thin Israel is going to compensate the European. Israel is always asking for freebees like free submarine and military aids, it is not in a position to help anybody.
U.S., allies conduct 22 strikes against ISIS targets in Iraq, Syria (Reuters)