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HomeBusinessECB officials say peace in Iran isn't enough to fix energy shock
Business

ECB officials say peace in Iran isn't enough to fix energy shock

ECB officials say Iran peace isn't enough to fix energy shock, justifying last week's rate hike decision, as significant economic havoc has already been inflicted.

E
Editorial Team
June 17, 2026
1 min read
While policymakers including president Christine Lagarde welcome the prospect of oil shipments resuming through the Strait of Hormuz, they say significant economic havoc has already been inflicted and have no regrets about last week’s decision to hike. June 17, 2026 / 10:30 IST European Central Bank (ECB) president Christine Lagarde (Courtesy: Reuters photo) Bloomberg Discover the latest Business News , Sensex , and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
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