From oil shocks to grocery bills, Europe feels pinch of Mideast tensions

Iran Herald · March 23, 2026 Sanctions

Escalating Middle East tensions are sending oil and gas prices on a wild ride, threatening to push inflation up and derail Europe's fragile recovery. Households and businesses alike are bracing for impact. BRUSSELS, March 23 (Xinhua) -- After years of sluggish growth, Europe entered 2026 hoping for a turnaround.