(March 3): The next four weeks will determine whether Europe’s economy is facing a fresh crisis or simply a speed bump in its recovery. A reliance on oil and gas from the region makes the bloc the “most exposed major economy” to Iran spillovers, ING’s Carsten Brzeski reckons. “If the conflict is short-lived and energy prices rise only briefly, the damage will be contained,” Bloomberg Economics’s Antonio Barroso and Simona Delle Chiaie said. “I’d expect Trump to go to great lengths to prevent a lasting surge in energy prices that could hurt him at home,” Schmieding said. “I would certainly not rush to react to any movements in energy prices,” he said.

Source: The Edge Markets March 03, 2026 06:44 UTC