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Tensions in the Middle East pose the biggest threat to a prospective interest rate cut from the European Central Bank, according to ECB policymaker Robert Holzmann.
TEHRAN -- Weekend festivities to mark the end of Ramadan were drawing to a close when Bahareh, a marketing manager in Tehran, heard the news that Iran had launched an attack on Israel. The 45-year-old had little doubt about her feelings.
European Central Bank President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any major shocks.
Flights to Israel are set to remain disrupted for months amid heightened tensions with Iran, while other routes may take longer as airlines skirt the volatile region.
The containership MSC Aries seized by Iran over the weekend marked at least the sixth vessel hijacked by Iran and its proxies in response to the Israel-Gaza war, and it's adding to the challenges to longstanding freedom of navigation principles that maritime shipping relies on.
Gold prices continued to hover near record highs days after Middle East tensions flared, boosting the safe-haven appeal of bullion.
Israel’s war cabinet has been meeting to discuss its next move after fighting off a massive air attack launched by Iran and its proxies on April 13.
