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Israel-Hamas war to only have limited impact on energy costs, says European Central Bank official
Isabel Schnabel, a European Central Bank board member, says that the body’s analysis doesn’t show any major impact from the conflict.

“Our preliminary analysis at this point shows that given that Israel in the end is relatively small, as long as the conflict remains contained, the impact on energy prices should be relatively limited,” Schnabel said.

“If, of course, the conflict widened – in particular, if Iran was involved – the situation could change quickly,” she added.