Bundesbank President Joachim Nagel warns eurozone inflation may stay above ECB target despite the US-Iran deal, flagging energy market disruption risks.

ECB board member Isabel Schnabel warns that the US-Iran peace deal won't resolve eurozone inflation, urging further rate hikes despite falling oil prices.

Joachim Nagel, president of Germany’s Bundesbank, spoke to CNBC on the sidelines of an ECB conference in Portugal.