Euro zone inflation rose back above 3% in August on higher energy costs, cementing an already solid case for ⁠another European Central Bank interest rate hike this month as the Iran war keeps putting upward pressure on prices. Inflation in the 21 nations sharing the euro accelerated to 3.3% in August from 2.9% in July, driven almost entirely by higher energy costs as crude oil and natural gas prices both rose, and refiners bumped up their margins, data from Eurostat showed today. [...]