Iran war could keep inflation high, ECB policymaker Rehn warns, FT reports

Item 1 of 4 A woman walks as vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran, August 25, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. ISRAEL OUT. NO COMMERCIAL OR EDITORIAL SALES IN ISRAEL. NO ACCESS FOR ISRAELI MEDIA. NO USE BBC PERSIAN. NO USE VOA PERSIAN. NO USE MANOTO. NO USE IRAN INTERNATIONAL. NO USE RADIO FARDA. DIGITAL: NO USE BBC PERSIAN. NO USE VOA PERSIAN. NO USE MANOTO. NO USE IRAN INTERNATIONAL. NO USE RADIO FARDA. [1/4] A woman walks as vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran, August 25, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS ATTENTION EDITORS -... Purchase Licensing Rights , opens new tab Read more Sept 1 (Reuters) - The European Central Bank must prepare ​for an extended “conflict of ‌attrition” in the Middle East that could keep ​inflation elevated in ​the Eurozone, ECB policymaker ⁠Olli Rehn told the ​Financial Times in ​an interview published on Tuesday. “We must show no complacency in ​the face of ​these inflationary pressures,” Rehn told ‌the ⁠newspaper, referring to energy prices that have been pushed up by ​the ​war ⁠between the U.S. and Israel on ​one side and ​Iran ⁠and the near closure of the Strait ⁠of ​Hormuz shipping ​channel. Sign up here. Reporting by Gnaneshwar Rajan in Bengaluru; ​Editing by Christian Schmollinger Our Standards: The Thomson Reuters Trust Principles. , opens new tab Suggested Topics: Rates & Bonds X Facebook Linkedin Email Link Purchase Licensing Rights