Kyriakos Mitsotakis warned the House about the serious economic consequences of conflicts in the Middle East, describing the prospects «extremely ominous to tragic». Inflation was launched at 3.9% in March, with food at 4.5% and fuel up to 27.4%. The State Budget Office and the IMF revised growth to 1.8%-2%, while inflation is expected to reach 3.5%. With Brent oil at $90-100 a barrel, the initial budget forecasts are overturned, calling into question the government «success story».

The price of American oil again exceeded $100 a barrel on Sunday to Monday night, in the first transactions after opening markets. The rise followed the announcement of the US armed forces to block Iranian ports, due to the absence of an agreement to end the war in the Middle East. West Texas Intermediate (WTI) for delivery in May rose 7%, while Brent North Sea for delivery in June reached 101.80 dollars with an increase of 6.8%.

The failure of the US-Iran negotiations in Islamabad raises concerns about global energy shock. U.S. Vice President Jay D. Vance left after 21 hours of talks on April 12, accusing Tehran of refusing to abandon the nuclear program. Tankers remain trapped in the Persian Gulf, while oil prices were set at $94.26 a barrel (Brent). The war began on February 28 with American-Israeli raids, while Israel continues attacks on Lebanon. Governments are concerned about inflation and interest rate increases, with social unrest erupting in Ireland.