Inflation in the Eurozone has surpassed the ECB’s 2% target,  reaching 2,5%. The increase was driven mainly by higher energy prices and was smaller than markets had expected.  Still, trade disruptions caused by the closing of the Strait of Hormuz  are pushing up fuel costs for European consumers.  “The war in the Middle East is creating the largest supply disruption in the history of the global oil market”. This is how the International Energy Agency described the effects of