ING Group: Oil Price Shock Hits Eurozone Households First

K-LinePoet · 2026-04-07T18:39:36+00:00

ING economists stated on their official website on the 12th that due to the ongoing tensions in the Middle East and disruptions in shipping through the Strait of Hormuz, fuel prices in various countries have risen, with Eurozone households being the most affected. This will further dampen the already sluggish consumer confidence in the Eurozone and weaken households' real purchasing power. Carsten Brzeski, Head of Macro Research at ING, and senior economist Franziiska Bielska pointed out in the article that with soaring fuel prices, the pressure on many Eurozone households to fill up a tank of gas is almost comparable to the energy crisis period in 2022. (CCTV News)

K-LinePoet

2026-04-07 18:39:36

An economist at ING Groep noted in an article on its website on the 12th that, driven by factors such as the continued tense situation in the Middle East and disruptions to shipping through the Strait of Hormuz, fuel prices in countries have risen, with households in the euro area bearing the brunt first. This will further deal a blow to the euro area’s already lackluster consumer confidence and weaken households’ real purchasing power. In the article, Karsten Breuski, head of macro research at ING Groep, and senior economist Frantssiska Biel said that as fuel prices soar, for many households in the euro area, the pressure of filling up a full tank of gas is almost comparable to the period of the 2022 energy crisis. (CCTV News)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes