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President of European Central Bank Christine Lagarde addresses the media during a press conference after an ECB's governing council meeting in Frankfurt. 19 March 2026

Video. Iran war energy shock puts ECB on alert — Lagarde vows timely response

Updated:

The Iran war has sent oil and gas prices surging and rate hike bets rising, but ECB chief Christine Lagarde says the eurozone is far better placed to absorb the shock than it was when Russia invaded Ukraine.

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