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The Iran war is pushing up European energy prices. Here's why a Ukraine-style inflation shock could still be avoided

By CNBC March 12, 2026 Bearish
The Iran war is pushing up European energy prices. Here's why a Ukraine-style inflation shock could still be avoided
The Iran crisis has reignited fears of an energy supply squeeze and inflation shock in Europe, just as the continent hoped it had tamed inflation. Prolonged supply disruptions could lift eurozone inflation modestly and put BoE and ECB rate cuts on hold.
The Iran crisis has reignited fears of an energy supply squeeze and inflation shock in Europe, just as the continent hoped it had tamed inflation. Prolonged supply disruptions could lift eurozone inflation modestly and put BoE and ECB rate cuts on hold.