ECB Study Warns: The Poor Bear Higher Costs from Middle East War (eco.sapo.pt)

• ECB study on war impact on household savings
• Energy price shocks from Middle East conflict
• Poorer households disproportionately affected

"A study by four economists at the European Central Bank warns that prolonged conflicts in energy-producing regions disproportionately affect the savings of lower-income households. Published in the ECB Bulletin, the analysis finds that the financial impact of the Middle East war is not confined to the battlefield but spreads through energy price shocks across the Eurozone. Those with less savings suffer more as they spend a higher share of their income on energy, exacerbating inequality."