ECB’s Escriva Says Energy Disruption Will Persist Despite Deal

Indicators ECB’s Escriva Says Energy Disruption Will Persist Despite Deal European Central Bank Governing Council member Jose Luis Escriva warned that complications over energy supplies are likely to persist, despite an agreement to re-open the Strait of Hormuz. The US-Iranian pact has sent oil prices lower as investors see the more than three-month conflict drawing to a close. But policymakers in Frankfurt don’t consider the danger to be over, and are still expected to raise interest rates further.