Darius Backhaus is a Manager at zeb.research and part of the Retail Practice Group. His tasks include the preparation of studies and topic development, especially in the areas of European banking markets, interest rates, sustainability and macroeconomic issues.
War, oil, inflation โ and the impact for banks
zeb.market.flash #55, Q1 2026: The escalation in the Middle East and the closure of the Strait of Hormuz triggered a massive energy and inflation shock in the first quarter of 2026.

