LAGARDE WARNS IRAN IMPACT WILL LAST, CLASHES WITH US ECB President Christine Lagarde challenged US Treasury Secretary Scott Bessent’s view that the Iran war’s economic impact will be short-lived, warning damage to energy infrastructure will have lasting effects. The clash highlights growing US-Europe tensions as surging energy costs hit Europe harder, with inflation already jumping and recession risks rising. Meanwhile, G7 nations are preparing coordinated measures to stabilize markets.(*Walter Bloomberg)