ECB's Lagarde welcomes Iran deal, Nagel cautions on lasting inflation

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PARIS/FRANKFURT, June 15 - ECB President Christine Lagarde on Monday welcomed news of a U.S.-Iran ceasefire, saying it could help reopen the Strait of Hormuz, although fellow policymaker Joachim Nagel cautioned it would bring no immediate relief to high euro zone inflation. Read more at straitstimes.com.