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Business · Video brief

Energy shock from Iran war to weigh on Europe’s growth, boost inflation

The Iran conflict is driving energy prices up, threatening Europe's economic growth and boosting inflation. With oil prices surging and key shipping lanes closing, both households and businesses face rising costs. The European Central Bank...

AP News· May 21, 2026 · 2:03 PM · 24 views

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The Iran conflict is driving energy prices up, threatening Europe's economic growth and boosting inflation. With oil prices surging and key shipping lanes closing, both households and businesses face rising costs. The European Central Bank may raise interest rates to combat inflation, but recession risks loom large. #EuropeEconomy #IranConflict #EnergyCrisis #InflationConcerns #GlobalImpact

Originally reported by AP News. Read the full story →

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