European Union officials said Friday that Europeans can expect oil and gas prices to remain above what they were before the Iran war for at least until the end of 2027, with prices of other goods also following an upward trajectory.

The European Union’s executive commission has cut its growth outlook and predicted higher inflation due to sharply higher energy prices from the war in Iran

The eurozone economy is expected to slow down in 2026 and inflation to pick up after the war in the Middle East triggered the second energy shock in...