European Central Bank chief Christine Lagarde said the ECB was well positioned to deal with the energy shock

European Central Bank chief Christine Lagarde said the ECB was well positioned to deal with the energy shock

 Kirill KUDRYAVTSEV

The European Central Bank has several options for dealing with the Middle East war energy shock, its chief Christine Lagarde said Wednesday, vowing policymakers would not be "paralysed by hesitation".

The conflict, which began at the end of February with US-Israeli strikes on Iran, has sent oil and gas prices surging due to the near total closure of the Strait of Hormuz and attacks on Gulf energy targets. 

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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