The ongoing war in Iran has led to a significant energy price shock, impacting oil and gas prices, which in turn pressures the German economy. The euro is currently valued at around $1.16 but could fall to between $1.10 and $1.12 if the conflict persists, potentially leading to a recession in Germany. Economists warn of severe consequences for energy-intensive industries and the eurozone's stability, with stagflation and capital flight as possible outcomes. A quick resolution to the conflict could stabilize the euro, but uncertainty remains high. Teljes cikk (Euronews.com)