23-March-2026
Economy News
 
One Battle After Another: Iran War Deals New Blow to Europe's Industrial Heartland
23-Mar-2026

In a spartan office adorned with plastic pots and detergent packaging at German chemical company Gechem, owner Martina Nighswonger feels she's running out of options. After years battling the fallout from the global pandemic, the spike in energy costs triggered by Russia's invasion of Ukraine and then punishing U.S. tariffs, war in the Middle East is ramping up the cost of key raw materials once again.

News Source:- https://money.usnews.com/investing/news/articles/2026-03-23/one-battle-after-another-iran-war-deals-new-blow-to-europes-industrial-heartland
 
 
 

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