Central Banks Hold Rates as Iran Conflict Drives Energy Prices High and Threatens Global Inflation

The EU and the Bank of England held interest rates steady as energy prices reached multi-year highs.Iranian attacks on Qatari gas fields and Kuwaiti refineries have disrupted world fuel distribution.Pete Hegseth criticized allies for their response while Donald Trump threatened military action.Analysts warn that persistent energy costs could push inflation to 3.5 percent in the near term.
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