Middle East Crisis: EU Calls For Restraint, To Propose Counter Measures For Iran Price Shock | N18G

Описание: Ursula von der Leyen said the European Union stands firmly with Gulf partners as Iran’s strikes on regional energy infrastructure have driven oil and gas prices to about twice their pre-war levels, triggering fears of a wider global crisis. The disruption, including the effective closure of the Strait of Hormuz—a key route for around 20% of global energy supplies—has exposed Europe’s heavy dependence on imports and increased price volatility. The EU is preparing emergency measures such as electricity tax cuts and subsidies to shield consumers, while also planning financial support to help industries transition away from fossil fuels. Von der Leyen announced €450 million in humanitarian aid and warned of broader geopolitical risks. Antonio Costa stressed the need to protect critical infrastructure. The EU is also monitoring migration risks and remains committed to delivering a €90 billion loan to Ukraine despite Hungary’s opposition.

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