The Iran war is pushing up European energy prices. Here's why a Ukraine-style inflation shock could still be avoided
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Source: CNBC
Published: 2026-03-12 17:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Europe, Military & Defence, Iran, Ukraine/Russia, Energy, Economy & Finance, Business & Economy, War & Conflict
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Snippet:
The energy price shock that followed Russia's invasion of Ukraine four years ago is fresh in the minds of European policymakers as the conflict in Iran once again drives oil and gas prices higher. Experts, however, think this time could be different.
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