Germany’s Friedrich Merz warns the economic fallout from the war in Iran is on track to rival that of the Covid pandemic or the Russian invasion of Ukraine.
How bad will Europe’s energy crisis get?
Germany's Friedrich Merz warns of severe economic fallout from the war in Iran, likening its impact to the Covid pandemic or Russia-Ukraine conflict. European energy markets and supply chains are at risk due to geopolitical instability, threatening industrial output and civilian energy access.