Renewed U.S.-Iran Clashes Again Cast Uncertainty Over Energy Markets. The ECB Is Bracing

The ECB will reassess its interest rate decision next week as a result of renewed clashes between the U.S. and Iran, Bundesbank President Joachim Nagel said. (Credit: Getty Images)

The European Central Bank (ECB) will reassess its interest rate decision next week as a result of renewed clashes between the U.S. and Iran, Bundesbank President Joachim Nagel said.

"The renewed outbreak of military conflict in the Middle East and the fresh rise in oil prices underscore that the situation remains extremely volatile and the uncertainty is similarly high," Nagel told Reuters.