Iran Conflict Drives Europe’s Input Costs Up Amid Stagflation Concerns

The rising tensions in Iran have triggered a sharp increase in oil and gas prices, intensifying economic pressures in Europe. This has led to the continent’s most severe stagflation in years, characterized by rising costs, limited growth, and falling market confidence. ECB President Christine Lagarde notes the eurozone is better prepared than in 2022, yet economic stability remains precarious as uncertainties persist.