The ongoing war in Iran has significantly impacted global equity markets, particularly in Europe where indices have dropped around 7%. The conflict has led to a sharp increase in energy prices, with Brent crude rising from $70 to nearly $120 per barrel. The International Energy Agency's historic intervention to release oil reserves has not sufficiently stabilized the market. While energy and renewable sectors have seen substantial gains, industries like airlines, steel, and construction are suffering heavy losses due to rising costs and reduced pricing power. Europe's energy vulnerability remains a critical concern as the crisis unfolds. Teljes cikk (Euronews.com)