Von der Leyen and Birol discuss how to tackle spiralling energy prices
Also in this newsletter: EU consumer group praises bloc’s landmark digital rules
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Lessons for central bankers from geopolitical shocks past
Higher inflation and lower investment are the norm, with the magnitude of the geopolitical shock crucial
UAE mulls freezing Iranian assets as Middle East conflict escalates: WSJ
The UAE is considering freezing billions of dollars of Iranian assets held in the Gulf state, potentially severing one of Tehran’s most critical economic lifelines.
Power prices in Europe swing wildly as Iran war stokes volatility
Prices rise almost 20-fold in a few hours as solar gives way to natural gas made scarce by war in Middle East
Why oil at $200 a barrel is no longer unthinkable
If supply disruptions persist, holders of stockpiled reserves can’t be relied on to fully cushion the impact
The Iran war presents a ‘guns and butter’ nightmare for investors
Conflict will intensify the mounting global debt and inflation risks