DID Press: Financial Times reports that even as European countries avoid direct involvement in the US-Iran conflict, the economic consequences for Europe have been severe and may worsen in the future.
The report notes that sharply rising electricity prices across European nations are placing significant strain on households and businesses, substantially increasing both living costs and production expenses.
There are also growing concerns over potential shortages of petroleum products, including aviation fuel and diesel, which could pose serious challenges to the transport and industrial sectors.
According to the report, ongoing tensions and instability in energy markets are casting further uncertainty over Europe’s economic outlook.