The European Commission simulates that the war in Iran could reduce EU economic growth by 0.2 to 0.6 percentage points.

The European Union has developed an "AI continent action plan" which includes initiatives for "AI gigafactories".

The European Commission has simulated that the war in Iran could reduce the EU's GDP by 0.2 to 0.6 percentage points and increase inflation by more than one percentage point.

The European Union is working with the International Energy Agency on a coordinated release of strategic oil reserves.

Valdis Dombrowski stated that Russia is benefiting from the Iran war through increased oil and gas revenue that helps fund its military.

European Commissioner Valdis Dombrowskis stated that Russia is a financial beneficiary of the Iran war due to increased oil and gas revenue.

The European Union has developed an "AI continent action plan" focused on both supply-side initiatives like AI gigafactories and demand-side adoption by companies.

The European Union is preparing a new financing package of 90 billion euros for Ukraine for this year and the next.

The European Union is working with the International Energy Agency on a coordinated release of strategic oil reserves.