Daily brief
The European Central Bank has kept its key interest rates unchanged. The bank warned that the conflict in Iran poses a material risk to inflation in Europe, primarily through the potential for higher energy prices. ECB President Christine Lagarde stated the bank is closely monitoring the situation as it assesses threats to price stability.
EU leaders are seeking a breakthrough on a €90 billion loan for Ukraine, which remains blocked by Hungary and Slovakia over a dispute related to oil supplies.
EU leaders are holding a summit to address a sharp spike in energy prices, with discussions focused on finding quick policy fixes.
The European Parliament has lifted its blockade on the EU-US trade deal, setting conditions for its full adoption.
Fuel prices have risen sharply in several EU countries neighboring Germany.