EU warns of energy 'price crisis', asks countries to consider curbing demand
The European Union is facing an energy price crisis as a result of the Iran war fallout in oil and gas markets, the bloc's energy chief said on Friday in a letter seen by Reuters, which urged countries to consider measures to curb energy demand. "We are facing a price crisis linking to a supply crisis," EU energy commissioner Dan Jorgensen said in a letter to EU countries' energy ministers.
The European Union is facing an energy price crisis as a result of the Iran war fallout in oil and gas markets, the bloc's energy chief said on Friday in a letter seen by Reuters, which urged countries to consider measures to curb energy demand. "We are facing a price crisis linking to a supply crisis," EU energy commissioner Dan Jorgensen said in a letter to EU countries' energy ministers.
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