EU warns Iran conflict could push bloc inflation above 3% - Bloomberg
The European Union warned that its inflation rate could surpass 3% this year if the war in the Middle East keeps Brent oil prices around $100 per barrel and gas prices elevated for a prolonged period, Bloomberg News reported on Wednesday.
In that scenario, economic growth in 2026 could be up to 0.4 percentage points lower than the 1.4% pace forecast late last year, EU economy chief Valdis Dombrovskis told the bloc’s finance ministers this week, the report said, citing people familiar with the matter.
