ECB set to hike interest rates as Iran war flares anew

The Manila Times 16 h Philippines

FRANKFURT, Germany — The European Central Bank (ECB) is expected to raise interest rates again this week as renewed fighting in the Middle East pushes up energy costs and risks further stoking inflation. Some of the heaviest clashes in weeks in the US-Iran war erupted in recent days, sending oil prices soaring and dimming hopes that energy flows through the Strait of Hormuz will return to no

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