Report: Lagarde challenges Besant during video conference, questioning his overly optimistic view of the impact of war.

date
01/04/2026
According to informed sources, European Central Bank President Lagarde challenged US Treasury Secretary Benson's optimistic view that the economic consequences of the Iran war will be short-lived in front of a group of senior G7 officials. Benson downplayed the damage caused by the Middle East conflict in recent weeks, including the disruption, such as the closure of the Strait of Hormuz, which he claimed would be temporary. Lagarde disagreed with this assessment. On March 30, at a G7 video conference, she told Benson and the central bank governors, finance ministers, and energy ministers from participating countries that due to the destruction of too many facilities, the impact will be long-lasting.