NewsNovo
A pattern of consecutive strikes exchanged between the United States and Iran has cast fresh doubt over the European Central Bank's interest rate decision next week.
The ECB faces that call under what is being described as an "extremely volatile" outlook, with Hormuz hostilities reordering the risk calculus just days before the decision.
What's changed The accumulation of strike exchanges over several consecutive days distinguishes this episode from a contained incident. Duration matters to monetary policymakers.
A sustained pattern of hostilities at the Strait of Hormuz is harder to absorb as noise than a confrontation that ends in hours.
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