EU Officials Warn of Prolonged High Energy Prices Due to Iran Conflict
EU officials have warned that oil and gas prices are expected to remain high through at least the end of 2027, largely due to the ongoing conflict in Iran. This situation is anticipated to drive inflation rates higher than previously forecasted, with significant economic implications. EU Economy Commissioner Valdis Dombrovskis noted that energy inflation is likely to affect various sectors, exacerbating economic challenges. European Central Bank President Christine Lagarde emphasized that even if the conflict ends soon, the economic aftershocks will persist, as supply disruptions can have long-lasting effects. 
