Thank you @RickyLo for including the script. It is possible to add float: and appropriate padding: to the style attribute. Note that Canvas does not allow the <script> element and so that will be dropped by the Rich Content Editor. I dropped the <div> element (that padding looks weird to me) as well as position: and got it to work, as long as I added height: and width: to <iframe>. If you pick the right numbers for these, the video will look vertical and not be awkwardly letterboxed within the <iframe>.
How about this:
<iframe style="float: left; padding-right: 10px;" title="VW CV - Big Red Bash 2022" src="https://player.vimeo.com/video/754990340?h=7f15f8033f&badge=0&autopause=0&player_id=0&am..." width="180" height="320" allowfullscreen="allowfullscreen" allow="autoplay; fullscreen; picture-in-picture"></iframe>