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EU warns Iran conflict could push the bloc's inflation above 3%: Report

The European Union faces a potential inflation surge above 3% this year. This scenario hinges on sustained high oil and gas prices due to the Middle East conflict. Economic growth in 2026 could also see a significant slowdown. EU economy chief Valdis Dombrovskis conveyed these concerns to finance ministers. The bloc's economic outlook is under scrutiny.

12 Mar 2026 6:46 am