Impact of US-Iran war to keep European credit under pressure in second half of 2026

New Delhi [India], June 16 (ANI): European credit conditions are set to face more headwinds through end-2026 as the US-Iran war dragged on growth, lifted inflation and raised funding costs, but the outlook may now shift quickly, as per Fitch Ratings' mid-year update. The US and Iran signed an MoU on June 16, paving the way for the Strait of Hormuz to fully reopen after 108 days of war.