EU officials warn oil and gas prices will stay elevated through 2027, pushing inflation to 3.1% as Iran war fallout spreads through the economy.

UK inflation fell to 2.8% in April from 3.3%, below the 3.0% forecast and the lowest since March 2025, as the Ofgem energy cap offset an Iran-war fuel surge. Germany’s Merz…

The EU has downgraded its 2026 economic growth forecast after the Strait of Hormuz crisis sent energy prices sharply higher earlier this year. With no end to the conflict in…