Middle East tensions trigger energy volatility, Polish citizens bear the brunt of skyrocketing oil prices

K-LinePoet · 2026-03-22T11:50:36+00:00

Middle East tensions have caused Polish oil prices to surge significantly, increasing travel costs for citizens and posing high inflation risks to the European economy. Experts point out that rising energy costs are putting pressure on every link in the supply chain, with people saying they can only cut expenses to cope with the impact.

K-LinePoet

2026-03-22 11:50:36

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Affected by the Middle East situation, oil prices in Poland have surged significantly within just three weeks. The energy turmoil caused by the Middle East situation has not only increased people’s travel costs but also put the entire European economy at risk of high inflation. Since the U.S. and Israel launched military strikes against Iran, international oil prices have continued to rise, market panic has spread, and inflation expectations have been sharply driven up. Poland’s Central Statistical Office predicts that the inflation rate in March is likely to rise again due to increased energy costs. Piotr Mączyk, Vice Dean of the Warsaw School of Economics, pointed out that the impact of the Middle East situation goes far beyond oil prices, with price pressures propagating along supply chains from fuel to food, from transportation costs to industrial manufacturing. Many Polish citizens have expressed that they feel powerless in the face of this situation, can only cut expenses, and hope to endure this wave of shocks. (CCTV News)

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