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Valdis Dombrovskis, EU COmmissioner for Economy and Productivity

Video. Iran escalation risks 'stagflation shock' for Europe, Dombrovskis says

Updated: 12/03/2026 - 15:24 GMT+1

EU economy chief says intensity and duration of the Iran war will define fallout of the crisis on Europe as global coalition agrees to the biggest release of oil reserves in history to stabilise energy market.

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