ECB's Stournaras says the closure of Hormuz could have secondary effect on wages and prices of goods, it is necessary to ensure inflation returns to 2% medium-term target

Newsquawk Staff · 25 May 2026, 07:13 UTC

ECB's Stournaras says the closure of Hormuz could have secondary effect on wages and prices of goods, it is necessary to ensure inflation returns to 2% medium-term target.

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US Market Open, 22 Oct, 10:37 UTC · what it led with

Iran's IRGC Navy warned that US efforts to encourage passage could result in strikes on US bases.
Iran's Major General Rezaei said Iran has presented seven new conditions through mediators and will neither reopen the Strait of Hormuz nor resume negotiations until they are met.

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