Bank of Italy says Iran war will have lasting effects even if it ends soon
George Mihalcea
Bank of Italy Governor Fabio Panetta said Tuesday that the effects of the Iran war are set to linger on even if the conflict ends soon. "Exports through the Strait of Hormuz have almost come to a halt and there is evidence of significant damage to energy production and refining infrastructure," Panetta said as he presented the central bank's accounts for 2025. "Even in the event of a rapid ceasefire, a return to orderly conditions in the energy market would take some time" The governor
astăzi