The Economic Times

EU could lose 1.3 million jobs due to energy price surge linked to Iran war, Commission says

European industries are bracing for significant job cuts. Up to 1.3 million jobs are at risk across automotive, construction, metals, chemicals, and transport sectors due to Middle East conflict. The automotive industry alone could see 600,000 layoffs. Energy-intensive industries are particularly vulnerable. Low-income households will also face higher transport fuel costs.