( May 21, 2026, 10:05 GMT | Official Statement) -- MLex Summary: Higher energy prices triggered by the Middle East conflict are raising costs for European manufacturers, slowing investment and weakening demand across energy-intensive industries, according to the European Commission’s Spring 2026 Economic Forecast. The commission also warned that prolonged disruptions could worsen supply shortages for refined oil products, helium and fertilizers, further straining European production chains. The report also said energy use across the EU economy has fallen sharply over the past two decades, accelerating in recent years due to efficiency gains, electrification and reduced fossil fuel consumption.Full press release follows. Full report attached....
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