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Euronews
Euronews
Una Hajdari

Iran war energy shock puts ECB on alert — Lagarde says this is no repeat of 2022

ECB Christine Lagarde Iran eurozone Inflation Oil Russia Ukraine Gas Prices United States

The European Central Bank will not be "paralysed by hesitation" in responding to the energy shock from the Middle East war, ECB chief Christine Lagarde said on Wednesday.

The conflict, which began at the end of February with US-Israeli strikes on Iran, has sent oil and gas prices surging due to the near-total closure of the Strait of Hormuz and attacks on Gulf energy targets.

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