How the Iran War Is Driving Eurozone Inflation

In this episode of The Global Economy Podcast, Lucas and Luna look at how the Iran conflict is pushing up energy costs and driving inflation in the euro zone to 3.2 percent as of June 2026. They discuss the widening divergence between the European Central Bank and the Federal Reserve, with the dollar remaining strong at a trade-weighted index near 119, and how this is impacting European equity ETFs like VGK and EZU, both down over the past week. The hosts explore whether the ECB can hold to its easing path with inflation rising and what this means for currency markets, using the latest live data on the euro at 1.17 per dollar and the yen at 159 per dollar. They also tie in the recent ADP jobs report showing stronger-than-expected private payroll growth in the US and how the proposed US tariffs on 60 economies for forced labor trade practices could further complicate global trade flows. #EurozoneInflation #IranWar #EnergyCosts #ADPJobsReport #USTariffs #ECB #FederalReserve #DollarIndex #VGK #EZU #EuroDollar #YenCarryTrade #GlobalTrade #MonetaryPolicy #Inflation #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo