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ECB: Iran Peace Deal Won't Erase Europe's Energy Price Shock
ECB: Iran Peace Deal Won't Erase Europe's Energy Price Shock
By Tsvetana Paraskova of OilPrice.com
Europe will have to contend with the energy price shock for months despite the tentative U.S.-Iran agreement to end the war and reopen the Strait of Hormuz, European Central Bank (ECB) officials said this week.
The ECB last week raised key interest rates for the euro area for the first time since 2023 as the Middle East conflict hiked energy prices that have started to feed into core inflation.
The ECB raised the key interest rate by 25...
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Submitted by QTR's Fringe Finance
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US Issues 60-Day Sanctions Waiver for Iranian Oil
Treasury Secretary Scott Bessent announced that Washington has issued a 60-Day waiver for sanctions on Iranian oil. “In line with the ongoing productive talks in Switzerland, Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency (IAEA) inspectors into their country,” he wrote on X. […]
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