Could the Middle East conflict open the door to price controls? Here’s how it works in Greece

By Benjamin Selwyn, Professor of International Relations and International Development, Department of International Relations, University of Sussex

The US-Israel war with Iran has sent shockwaves through the global economy and predictions of COVID‑era inflation are becoming hard to ignore. In many countries, these pressures are already being felt, as households struggle to afford essentials.

During and after the height of the pandemic, governments across the political spectrum experimented with price controls in a…

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