The Iran war is pushing up European energy prices. Here's why a Ukraine-style inflation shock could still be avoided
- Posted on March 12, 2026
- By CNBC
- 6 Views
The Iran war is pushing up European energy prices. Here's why a Ukraine-style inflation shock could still be avoided

The Iran war has rattled global energy markets, but analysts say Europe can avoid a full-blown 2022-style supply crisis.