Societe Generale: Oil Price Surge Poses Risks to ECB Policy Path

Societe Generale strategists have highlighted that oil and natural gas prices have surged since the European Central Bank's June meeting. This price increase reverses the optimism that followed the US–Iran Memorandum of Understanding.

The strategists note that the energy price rally introduces new risks to the ECB's policy trajectory, potentially complicating the central bank's efforts to manage inflation and economic growth.