ECB is back to square one as US-Iran war resumes

Iran war 2.0 slams Asia back into the blast zone

TOKYO — The collapse of the US-Iran ceasefire is hitting Asia hard. Again. The region never really left the woods. It had been bracing for second-round shocks — surging food prices chief among them — so the calm around the Strait of Hormuz felt less like a resolution than a reprieve. And that reprieve just […] The post Iran war 2.0 slams Asia back into the blast zone appeared first on Asia Times.

Global Market: Geopolitical risks return to centre stage for ECB as inflation fears resurface

Fresh US-Iran hostilities have pushed the European Central Bank back to its inflation fight. Rising energy prices now threaten to reignite price pressures across the euro zone. This renewed conflict has heightened uncertainty around the inflation outlook for policymakers. Market expectations have shifted, with traders betting on further ECB rate hikes. Developments in the Middle East are now a key factor for future monetary policy.

ECB is back to square one as US-Iran war resumes

July 10 (Reuters) - The European Central Bank is back to square one in its fight against high inflation ​in the euro zone after new ‌hostilities between the U.S. and Iran caused energy prices to rise again, ECB policymaker Yannis Stournaras said on Fri...

Drivers see overnight spikes in gas prices as Iran war flares back up

Combat between the United States and Iran resumed this week and the economic fallout has been immediate.