EU Commissioner Valdis Dombrovskis warned that escalating tensions in the Middle East could lead to stagflation in Europe due to rising energy prices. Iranian strikes and a blockade of the Strait of Hormuz have caused oil prices to soar. A group of 32 countries, including the US and G7 members, agreed to release strategic oil reserves to stabilize the market. Dombrovskis emphasized the need for de-escalation in the region. Teljes cikk (Euronews.com)