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EU warns long Mideast war risks 'stagflationary shock' to world economy

A protracted Middle East conflict could trigger a significant stagflationary shock for the global and European economies, according to top EU official Valdis Dombrovskis. He warned that continued maritime disruption and attacks on Gulf energy infrastructure would likely lead to higher energy prices. However, a conflict contained within weeks is expected to have minimal economic impact.

10 Mar 2026 12:34 am