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moves money TNW May 20, 2026

Europe’s EV sales are surging as the Iran war sends petrol prices through the roof

Europe’s EV sales are surging as the Iran war sends petrol prices through the roof
AI Summary

War has a way of rewriting consumer habits overnight. Since US and Israeli airstrikes hit Iran at the end of February, crude oil has soared past $100 a barrel for the first time since Russia’s 2022 invasion of Ukraine. The result at Europe’s petrol pumps has been immediate and painful.

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