ECB's Lagarde welcomes Iran ceasefire agreement as 'good news'

🇫🇷 Al-Monitor Middle East (FR) —
ECB's Lagarde welcomes Iran ceasefire agreement as 'good news'

AI Summary

European Central Bank President Christine Lagarde welcomed the ceasefire agreement with Iran as a positive development, especially regarding reopening the Strait of Hormuz. She emphasized that the agreement could bring economic and geopolitical benefits if confirmed by upcoming developments.

PARIS, June 15 (Reuters) - European Central Bank President Christine Lagarde said on Monday that the ceasefire agreement reached with Iran was "good news", especially as it could lead to a re-opening of the Strait of Hormuz. "If this news is confirmed by developments in the coming days and the signing of a memorandum of understanding ... it is good news. We can only welcome it," Lagarde told France Culture radio.

World Politics Markets Energy Shipping Christine Lagarde European Central Bank Iran ceasefire Strait of Hormuz memorandum of understanding

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