WHAT THE 2022 ENERGY CRISIS TAUGHT US ABOUT INFLATION - AND WHY IT MATTERS NOW WITH IRAN
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04.03.2026


EU Observer (4 March 2026)

Wester van GAAL

 

With gas prices rising as a consequence of the Israeli-US attack on Iran, talk of interest rate hikes in Europe returns. 

Having covered the 2021-2023 energy crisis closely, it’s worth revisiting what actually occurred during that episode. 

Europe’s main gas price benchmark has nearly doubled since attacks started on Friday.

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