21 Hrs
Source:
المشهد العربي
ECB: Energy crisis persists beyond Middle East
A member of the European Central Bank's Board of Directors clarified that the end of the conflict in the Middle East does not guarantee the disappearance of the energy crisis, and that structural damages to the energy sector's infrastructure may continue to put upward pressure on prices for a long period. This statement came after the bank's decision to raise interest rates for the first time in three years, in an attempt to counter the effects of rising fuel prices resulting from the Iran war. He emphasized that the understanding between the United States and Iran is a positive step, but it requires further clarification, with a focus on monitoring the recovery of supply chains and corrections in energy price levels.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)