Christine Lagarde, President of the European Central Bank, warned about the inflationary risks stemming from the ongoing conflict in Iran, which could significantly impact consumer prices and economic growth. The ECB's inflation projections have been revised upward due to rising energy prices, with potential inflation reaching 4.4% by 2026 in severe scenarios. Lagarde emphasized the need for close monitoring of energy markets and indicated that the ECB may need to adjust its policies in response to these challenges.