Eurozone inflation soars to 3% as Iran war drives up energy prices

Eurozone inflation rose to 3% in April, driven by the Iran war's impact on energy prices and slowing economic growth. Data from Eurostat showed a sharp increase from 1.9% in February, with the European Central Bank (ECB) facing pressure ahead of its interest rate decision. Air France-KLM also reported a $2.4bn fuel bill rise, forcing forecast cuts.