EU Aims to Mitigate Energy Impact from Iran-US Conflict

EU Commission plans to cut electricity taxes and coordinate gas storage refills.
Europe's gas price is 33% higher than pre-Iran-US war levels.
Europe produced 71% low-carbon electricity in 2023 vs 60% in 2022.
EU avoids price caps, offering non-binding guidance for businesses.
Strait of Hormuz closure risks worsening oil shocks than 2022 gas crisis.

Policy | Energy | Conflict

United States | Iran | Europe

Elisabetta Cornago

3 hours ago