European Central Bank President Christine Lagarde expressed her support for the ceasefire agreement reached with Iran. Speaking to France Culture radio, she described the development as "good news." Lagarde emphasized that the agreement could potentially lead to the reopening of the Strait of Hormuz. However, she noted that the positive outlook depends on the confirmation of developments in the coming days. She specifically mentioned the necessity of signing a memorandum of understanding to solidify the agreement. The ECB President welcomed the prospect of stability in the region. Her comments highlight the economic implications of maritime security in the Middle East.
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