OriginalSourceMiddleeasteyeLeanUnratedCredibilityUnratedPublished08:15 UTCSourceMiddleeasteyeLeanUnratedCredibilityUnratedPublished08:15 UTC
“Can the world withstand another winter of war?”
War-driven energy prices push inflation and debt costs higher in Europe.
Key points
- Russia-Ukraine war and Iran conflict disrupt energy flows via Hormuz and refineries.
- Brent crude surged to around $111 and later $117 per barrel.
- EU inflation rose to 3.8% in September amid energy shock.
- Bond yields climbed, with 30-year US Treasuries above 5% and French yields near multi-year highs.
- Mass protests erupt in France, Belgium, and Italy over cost of living and austerity.
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