---
title: "Oil price surge reignites inflation worries as ECB holds rates"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293621127.md"
description: "Oil prices nearing $100 a barrel have reignited inflation concerns, pushing European government borrowing costs to long-term highs. The European Central Bank held rates steady but issued hawkish signals in response. Meanwhile, stock markets declined, with chipmaker STMicroelectronics shares dropping 15% after missing earnings expectations."
datetime: "2026-07-23T12:55:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293621127.md)
  - [en](https://longbridge.com/en/news/293621127.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293621127.md)
generator: "portal-rs"
---

# Oil price surge reignites inflation worries as ECB holds rates

By Marc Jones LONDON, July 23 (Reuters) - A spike in oil prices toward $100 a barrel drove Europe’s government borrowing costs to long-term highs on Thursday as reignited inflation worries prompted some hawkish signals from the European Central Bank as it held rates steady. Share markets were also on the back foot as an earnings miss from chipmaker STMicroelectronics sent its shares tumbling 15%

### Related Stocks

- [STM.US](https://longbridge.com/en/quote/STM.US.md)
- [USOI.US](https://longbridge.com/en/quote/USOI.US.md)
- [UCO.US](https://longbridge.com/en/quote/UCO.US.md)
- [STHH.US](https://longbridge.com/en/quote/STHH.US.md)
- [STMEF.US](https://longbridge.com/en/quote/STMEF.US.md)

## Related News & Research

- [GRAPHIC-Traders are bracing for an increasingly hawkish ECB](https://longbridge.com/en/news/296744183.md)
- [STMicroelectronics and NUS launch Corporate Lab to power the future of Edge AI in Singapore | STM Stock News](https://longbridge.com/en/news/296742731.md)
- [STMicroelectronics says edge AI growth hinges on in-memory computing shift](https://longbridge.com/en/news/296743479.md)
- [STMicroelectronics shareholders approved $0.36 per share dividend plan at AGM](https://longbridge.com/en/news/296397357.md)
- [Oil set for second weekly rise as unsettled US-Iran war crimps supply](https://longbridge.com/en/news/296555193.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**