The economic repercussions of the Iran conflict have not yet reached the unfavorable levels anticipated by the European Central Bank (ECB), as stated by ECB President Christine Lagarde on Monday.
Regarding oil markets, both spot and futures prices are trending based on current assumptions. However, the markets are believed to recover from this disruption in the short term. Lagarde shared this assessment during her speech.
Natural gas prices, on the other hand, are currently following the bearish scenario.
Energy prices have not risen to the extent that would significantly impact the unfavorable scenario. Lagarde also mentioned this observation.
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