Europe faces a 'massive' gas price shock from Iran war — and these three sectors will be hit hardest

The escalation of the Iran war is a stark reminder of how geopolitical tensions can ripple through global energy markets. With Europe heavily dependent on stable energy supplies, the current price shock could lead to long-term economic repercussions, particularly for sectors such as manufacturing and transportation that are sensitive to energy costs. Policymakers will need to consider strategic responses to mitigate these impacts and enhance energy resilience.