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The escalation of tensions between the United States and Iran over the Strait of Hormuz has revived fears of disruptions to global oil supplies, with Brent crude prices exceeding $85 a barrel. This situation is impacting the Eurozone economy, which relies on energy imports for 57% of its needs. Investors are closely watching the European Central Bank's decisions regarding interest rates, as market volatility increases and the potential for monetary policy to be influenced by geopolitical developments and inflation—which remained at 2.8% last month—becomes more prominent.
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