The benchmark interest rate was hiked to 1%, despite US-Iran peace agreement, as higher energy costs spread through the economy The Bank of Japan raised its key interest rate by a quarter percentage point to 1% on Tuesday, lifting borrowing costs to their highest level since 1995 as it sought to contain inflation from soaring energy prices driven by the US-Israeli war on Iran.    The central bank said it would continue raising rates if inflation remains elevated, citing the impact of higher oil