[Despite the U.S.-Iran Conflict Essentially Halting, ECB Officials Remain Vigilant on Inflation Signals] Jin10 News, June 30 – European Central Bank (ECB) officials maintain that, although hostilities between the U.S. and Iran have essentially ceased, it is still too early to conclude that the inflation shock triggered by the Iran conflict has ended. From ECB Chief Economist Philip Lane to Dutch central bank official Klaas Knot, several policymakers speaking at the annual seminar in Portugal refrained from explicitly calling for another rate hike but signaled a high level of vigilance regarding consumer prices. Lane stated: 'What we need to focus on is how the rise in energy costs over the past four months is transmitting into inflation in food and service prices. We are committed to assessing the situation on a meeting-by-meeting basis to avoid tying our hands with premature assumptions about rate decisions.' On the first full agenda day of the seminar, the officials' remarks generally reflected this cautious stance, with just over three weeks remaining until the next interest rate decision meeting.