Iran Conflict Casts Long Shadow as Europe Warns of Prolonged Global Fallout
Ursula von der Leyen said the consequences of the crisis could echo for months or even years, as rising oil and gas prices intensify inflationary pressures across the continent. Governments are facing renewed challenges in protecting households and businesses from escalating energy costs. The crisis has heightened concerns over supply chain resili
ence, particularly as instability around key transit routes threatens consistent energy flow into Europe . Economists caution that sustained volatility could slow growth and complicate monetary policy decisions. With diplomatic progress limited, policymakers across the European Union are preparing for a drawn out period of uncertainty, signaling that the impact of the conflict may extend well beyond the region. Source: The Guardian
