US EditionProtracted War in Iran Could Pose ‘Substantial’ Shock to European Economy
6 Articles
6 Articles
European Commissioner Valdis Dombrovskis fears that the "disruption of maritime traffic in the Strait of Ormuz" and the "attacks against the energy infrastructure of the Gulf States" will lead to high inflation combined with low growth.
European Union (EU) Economic Affairs Commissioner Valdis Dombrovskis has warned of an "inflationary shock" to the European economy if the war in the Middle East drags on.
"In the most benign scenario, where the conflict is contained in a couple of weeks, it can be expected that it will not have a significant impact on the world and European economy," Dombrovskis reflected, in statements to the press on his arrival at the meeting of Eurozone Economic and Finance Ministers (Eurogroup) in Brussels.
ATTA KENARE / AFP An explosion in a refinery in Tehran, Iran, on March 7, 2026. To the great evils, the big words. While the conflict in Iran and the Middle East has been going on for almost 10 days, the rest of the planet is watching its economic consequences. While the stock exchanges and the rates are shaking, the barrel of Brent has passed this Monday, March 9th the 115 dollars. That is a flight of more than 31%, its biggest daily increase..…
The war inflaming the Middle East began nine days ago. On Monday, March 9, 2026, Israel continues its incursions into southern Lebanon, the price of the barrel of oil continues to fly, the son of Ali Khamenei...
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