The European Central Bank raised interest rates on Thursday for the second time this year, seeking to quell an energy-driven rise in inflation triggered by the Iran war even as it warned that fuel prices could move higher.
A month of relative calm has been shattered since end-August as the U.S. and Iran hit military, shipping and energy assets, sending oil back above $100 a barrel and reviving fears about a wave of price hikes in the fuel-importing euro zone.
