European Union & Kevin Warsh

European Union: European Union factories are facing soaring costs and supply shocks due to the Iran war, impacting manufacturing activity and pushing up inflation.

Kevin Warsh: Kevin Warsh, the new Chair of the United States — Federal Reserve, is known for his hawkish stance on interest rates and has emphasized the threat of elevated inflation, which is a direct consequence of the Iran war.

European Union: The European Union's foreign policy chief, Kaja Kallas, stated that the bloc would keep its sanctions on Iran in place for now, indicating a cautious approach despite the U.S. lifting its sanctions.

Kevin Warsh: Kevin Warsh is the new Fed Chair, and the market is cautiously awaiting the US Fed's interest rate decision under his leadership. This is a separate market event mentioned in one article.