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Europe Heat Wave Compounds Iran War Energy Shock on Food and Markets
🌡️ EUROPE — A second supply shock is hitting the same economies already underwater from Hormuz. 📌 LOOK CLOSER: European markets are absorbing energy repricing from the Hormuz blockade while heat is simultaneously cutting crop yields and straining logistics. Indebted sovereigns — Italy, France, Greece — face a dual squeeze: higher energy import costs and