Dossier
Iranian-backed Houthi rebels
Coverage of Iranian-backed Houthi rebels in the Nexus archive.
- Europe's central bank holds rate steady amid swings in oil prices
The European Central Bank maintained its benchmark interest rate at 2.25% amid uncertainty over the impact of volatile oil prices on inflation. Analysts suggest the decision reflects a pause to assess energy price swings linked to the US-Iran conflict and Hormuz Strait disruptions, with a potential rate hike anticipated at the September meeting.